Consumer FinTech SoFi is Getting Back Into Crypto
U.S.-based fintech platform SoFi (SOFI) said on Wednesday it will introduce international remittances through blockchain and stablecoins and allow users to invest in cryptocurrencies this year, making good on its promised digital asset push.
The upcoming remittance service will let users send U.S. dollars and select stablecoins to recipients abroad with “well-known” blockchain networks processing the transactions, allowing funds to be sent around the clock, converted into local currencies and deposited quickly into recipients’ accounts, according to the press release.
The company says this will be significantly cheaper and faster than traditional methods such as wire transfers or bank-based remittances.
The firm will also relaunch crypto…
