Strike to Launch BTC Lending Service for Borrowing Fiat While Holding Bitcoin

In Brief:

Bitcoin payment app Strike is launching Strike Lending, a BTC lending service.

The service allows users to borrow fiat currency while retaining Bitcoin holdings, initially available in parts of the U.S. with plans for international expansion.

Strike, a leading Bitcoin payment app, is expanding its services with the launch of Strike Lending, a new BTC lending service that enables users to borrow fiat currency while keeping their Bitcoin holdings. This innovation addresses the growing demand for ways to leverage Bitcoin without having to sell or convert it into cash.

Jack Mallers, CEO of Strike, announced that the service would initially be available in select U.S. regions, with plans to expand internationally as the platform gains traction. Strike Lending offers a unique solution for Bitcoin holders who want to unlock liquidity by borrowing against their assets, without the need to liquidate them.

This move comes at a time when more people are seeking to utilize their digital assets for everyday needs and traditional financial purposes. The launch of Strike Lending will likely attract a new wave of users to the platform, further positioning Strike as a key player in the Bitcoin financial services space.

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