Bitcoin payment app Strike enters crypto lending business

Odaily Odaily News: Strike, the Bitcoin lightning payment app founded by Jack Mallers, announced the launch of a new crypto lending program for personal and business accounts. Mallers said at X: "You shouldn't sell the best performing asset in human history to get cash. Now you don't have to do that." Strike Lending will be launched first in parts of the United States, and 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." The loan amount starts at $75,000 and can be as high as $2 million, with an annual interest rate of at least 12%.