Strike has launched its new lending service, Strike Lending, offering users the opportunity to borrow cryptocurrency using Bitcoin as collateral without selling their holdings. This service is initially launching in select U.S. regions but plans for international expansion are underway. 💰
Strike CEO Jack Mallers explains that this innovative solution allows individuals and institutions alike to access cash using their existing Bitcoin, eliminating the need to sell the asset.
The program’s popularity is expected to rise as it aligns with a broader trend in lending services for the crypto market, similar to what companies like Coinbase and Xapo have recently launched. 📈
Mallers emphasized that these Bitcoin-backed credit solutions are essential to unlocking long-term financial stability within a decentralized economic system.
Read more about the launch and how it might impact the future of Bitcoin: [link to Coindoo article]