SoFi's Big Business Banking: Fiat & Crypto in One Place
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
SoFis new Big Business Banking platform integrates fiat and crypto operations, offering deposits, fund transfers, and settlements, with support for SoFiUSD stablecoin. Early partners include Cumberland, BitGo, Bullish, and Mastercard. This move aligns with a broader trend of crypto companies merging digital assets into traditional finance for institutions, as seen with BitGos lending platform, Fireblocks acquisition of TRES, and Ripples crypto treasury setup. More players are seeking U.S. banking charters, with EDX Markets and Zerohash applying for national trust bank and stablecoin services, respectively. This convergence of crypto and banking worlds is setting seamless fiat-crypto operations as the new standard for businesses.
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