Search results for SoFi
Crypto
SoFi bank to support XRP deposits; Ripple says accessibility expansion drives growth
U.S. SoFi Bank will support XRP deposits, allowing investors to use the token through a regulated banking platform. SoFi confirmed users can deposit XRP along with bitcoin, ether and solana as part of its in-app crypto service. Ripple said in a post on X that expanding accessibility is key to long-term growth, arguing that wider platform access can increase participation and strengthen overall utility.
Crypto
Mastercard, SoFi team up to introduce stablecoin in card settlement process
Mastercard has begun a test to introduce stablecoins into the settlement process that follows card payments. It is working with U.S. financial services company SoFi Technologies to settle card transactions using a regulated digital dollar, SoFiUSD. The pilot keeps the consumer payment experience unchanged and applies blockchain-based assets only to the interbank settlement stage. SoFi Bank plans to settle Mastercard credit and debit transactions in SoFiUSD, supported by Galileo Financial Technologies.
Crypto
SoFi launches Big Business Banking to manage fiat and crypto on single regulated platform
Fintech company SoFi has launched Big Business Banking, a corporate banking platform that handles fiat-currency and crypto operations within a single regulatory system. Businesses can hold deposits, transfer funds and run 24-hour trade settlement in traditional currencies and digital assets. The platform runs through SoFi Bank and offers regulated banking services alongside blockchain-based payment and settlement rails, including SoFiUSD, selected cryptocurrencies and tools to convert between fiat and digital assets.
