Strike Launches Bitcoin-Backed Lending Service: A New Path for Crypto Holders

Strike is expanding its reach, introducing a new Bitcoin-backed lending service that allows users to access fiat currency without selling their holdings. This move aims to empower Bitcoin holders with financial flexibility and comes just months after Strike’s launch of bitcoin payments, demonstrating the company’s commitment to exploring diverse applications for this asset. The service offers loans ranging from $75,000 to $2 million USD, with interest rates starting at 12%. Loans are provided through the Strike app and no origination fees apply.