According to online reports, financial technology company SoFi announced that it will launch a new global remittance service and cryptocurrency investment later this year. According to the announcement, SoFi members will be able to buy, sell and hold multiple cryptocurrencies such as Bitcoin and ETH later this year. The company eventually also plans to provide stablecoins and other services, including providing members with borrowing capabilities backed by crypto-assets, expanding payment options and introducing new pledge capabilities. SoFi will stop providing cryptocurrency trading services in 2023 and become a regulated bank. However, SoFi said on Wednesday that the Office of the Comptroller of the Currency (OCC) issued two explanatory letters in March and May, allowing nationally chartered banks to provide cryptocurrency custody, execute transactions, hold stablecoin reserves and other related activities.