SoFi has become the first U.S. bank to utilize Bitcoin's Lightning Network for remittances, aiming to offer lower costs and 24/7 availability for its 11.7 million users. This move enters a competitive global remittance market valued at $740.5 billion. Other firms like Coinbase and Nubank have also begun adopting similar technologies.

Block, Inc. has announced the upcoming launch of bitcoin payments on its Square platform, which will be demonstrated at the Bitcoin 2025 event in Las Vegas. The feature will utilize the Lightning Network for fast, low-cost transactions and is expected to roll out to eligible sellers in the second half of 2025. This move aims to enhance the accessibility and usability of bitcoin for both merchants and customers.