Strike launches Bitcoin-backed loan service with a minimum loan amount of 75 thousand USD
Powered by ChatGPTOdaily Planet Daily reports that Strike, a Bitcoin Lightning Network payment app founded by Jack Mallers, has officially launched its crypto lending service "Strike Lending." The service is available to both individual and business users and is initially open only in specific regions of the United States, with plans to expand globally. Users can use Bitcoin as collateral to obtain cash without selling their holdings. The loan term is 12 months, with amounts ranging from 75 thousand USD to 2 million USD, an annual interest rate of at least 12%, and no loan origination or prepayment fees. Credit scores are not affected. Strike emphasizes that its loans are supported by audited capital providers, assets are held in custody by partner institutions during the loan period, and the platform always bears legal responsibility for user assets. (The Block)