Bitcoin payment app Strike enters crypto lending business

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According to ChainCatcher, Strike, the Bitcoin Lightning payment app founded by Jack Mallers, announces the launch of a new crypto lending program for personal and business accounts.

Mallers stated on X: "You should not sell the best-performing asset in human history to get cash. Now you don't have to do that." Strike Lending will initially launch in some regions of the United States, with plans to expand to international markets in the future. The company said: "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%.

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