SoFi announced its upcoming international money transfer service, enabling members to send funds abroad directly from the SoFi app with lower fees and faster delivery compared to traditional remittance service providers. Lightspark, a leading enterprise infrastructure provider that uses the Bitcoin Lightning Network, will enable the technology via Universal Money Address (UMA), to send and receive money seamlessly, with access to an open global network for payments. SoFi will be one of the first US-banks to offer a blockchain-powered remittances service.