Fintech platform sofi based in the US. UU. (Sofi) Said on Wednesday that will introduce international remittances through Blockchain and Stablecoins and allow users to invest in cryptocurrencies this year, fulfilling their impulse of promised digital assets.
The next remittance service will allow users to send US dollars and select Stablecoins to recipients abroad with “known” blockchain networks that process the transactions, allowing the funds to be sent 24 hours, become local currencies and quickly deposit in the accounts of the recipients, according to the press release.
The company says that this will be significantly cheaper and faster than traditional methods, such as cable or remittance transfers based on banks.
The firm will also relaun
and Etherum’s Ether at the end of this year.
Future services could include rethinking, borrowed against cryptographic and providing blockchain technological infrastructure to third parties through Sofi’s Galileo platform, the firm said.
The movements occur when the CEO Anthony Noto shared plans earlier this year to re -enter the crypto business after the company suspended the services related to digital assets in 2023 to obtain a bank license under the hardest regulatory environment of the previous administration towards Crypto. The change is backed by the recent orientation of the Office of the Mint that allows rented banks nationwide to offer cryptographic custody and services related to Stablcoin.
“The future of financial services is being completely reinvented through innovations in cryptography, digital assets and blockchain more widely,” I noticed in a statement. “We are accelerating our efforts to give members more options and more control, whether they are investing, sending money through the borders or planning their future.”
Read more: Sofi important plans in crypto in the middle of a new regulatory environment
