Bitcoin payment app Strike enters the crypto lending business

Strike, the bitcoin lightning payment app founded by Jack Mallers, has announced the launch of a new crypto lending scheme for personal and business accounts. "You shouldn't be selling the best performing asset in human history just to get cash. Now you don't have to," Mallers said on X. Strike Lending will be launched in parts of the US, with plans to expand internationally in the future. "These bitcoin-backed loans are not reported to credit bureaus and do not affect credit scores," the company said. Loans start at $75,000 and can reach up to $2 million, with annual interest rates of at least 12 per cent.