Bitcoin Payment App Strike Enters Cryptocurrency Lending Business

ChainCatcher reports that Strike, the Bitcoin Lightning payment app founded by Jack Mallers, has announced the launch of a new crypto lending program for both personal and business accounts.

Mallers stated on X: "You shouldn't have to sell the best-performing asset in human history to get cash. Now you don't have to." Strike Lending will initially roll out in select regions of the United States, with plans to expand internationally in the future. The company states: "These Bitcoin-backed loans will not be reported to credit agencies and will not affect credit scores." Loan amounts start at $75,000 and can go up to $2 million, with an annual interest rate of at least 12%.