SoFi Technologies will transmit remittance funds over secure blockchain networks with transparent exchange rates and fees

Quotes that support claims

"Funds will be automatically transmitted on secure, well-known blockchain networks, converted into local currency at the destination, and rapidly deposited into the recipient’s account, with full transparency on exchange rates and fees upfront, all available 24/7 in the SoFi app," the firm said.

The company will also introduce global remittances on its app, enabling international money transfers via a blockchain process.