Strike Introduces Bitcoin-Backed Loans for Eligible Customers
- Strike CEO Jack Mallers announced the launch of bitcoin-backed loans.
- Loans allow customers to borrow against their bitcoin holdings.
- No need to sell bitcoin to access cash.
- Loan amounts range from $75,000 to $2 million.
- The starting annual percentage rate (APR) is set at 12%.
Strike has introduced a new feature allowing eligible users to obtain loans by using their bitcoin as collateral. Loan amounts vary from $75,000 to $2 million, with an initial APR of 12%.
Source (2.6)https://news.bitcoin.com/strike-launches-bitcoin-backed-loans-allowing-users-to-borrow-against-their-bitcoin-holdings/?rand=52384
