Bitcoin payment app Strike ventures into cryptocurrency lending business

ChainCatcher news, Jack Mallers' Bitcoin Lightning payment app Strike has announced the launch of a new crypto lending program, available 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 launch in certain regions of the United States, with plans to expand to international markets in the future. The company stated: "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%.