Overview
- SoFi said on Mar. 23 that SoFi Pay now supports cross-border transfers to more than 30 countries using Lightspark’s rails.
- The service moves money over Bitcoin’s Lightning network, which is built for quick, low-fee transactions, while users send and receive local currency.
- SoFi and Lightspark handle the swap to and from Bitcoin behind the scenes, so a sender in the U.S. and a recipient abroad both see fiat amounts, not crypto.
- In early March, SoFi also announced a Mastercard tie-up to connect its SoFiUSD stablecoin to Mastercard’s network, an uncommon step for a U.S. bank.
- SoFi ended 2025 with $3.61 billion in revenue, $481.3 million in net income, and about 13.7 million customers, though analysts flag compliance and regulatory risks as this crypto strategy scales.