Bitcoin Payments Company Strike Launches BTC-Backed Loans
Summary
Strike's American customers can now access Bitcoin-backed loans, with eligibility in 26 U.S. states for amounts starting from $75,000 to $100,000. The service will expand to Europe soon. Loans have at least a 12% APR, using Bitcoin as collateral. Larger loans over $2 million are available upon assessment. Strike, a digital payments company, facilitates cryptocurrency transactions. Jack Mallers, Strike's CEO, is also leading Twenty One, a Bitcoin treasury company formed via SPAC merger with support from Tether, Bitfinex, Cantor Fitzgerald, and SoftBank. Strike previously partnered with El Salvador on its Bitcoin project.
