SoFi and Payward Partner for 24/7 Crypto Settlement and SoFiUSD Listing
Here's what it means for you.
This partnership enhances your access to crypto trading and liquidity, streamlining transactions around the clock.
What happened
SoFi Technologies and Payward announced a strategic partnership to integrate banking and crypto services.
The Context
- Expanded Access: SoFiUSD, a bank-issued stablecoin, is now available on Kraken, reaching a broader audience of retail and institutional users.
- 24/7 Operations: The partnership addresses the gap between traditional banking hours and the continuous nature of crypto markets, allowing for real-time USD settlements.
- Growing Offerings: SoFi's collaboration with Kraken enhances its digital asset capabilities, supporting its approximately 15 million members with new financial products.
The Number
— This is the approximate number of SoFi members now able to access crypto trading and SoFiUSD via the app, significantly broadening market participation.
Takeaway
Expect further expansions into payments and lending as this partnership evolves, enhancing your financial toolkit.
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