Yo! Today we’re announcing one of the most powerful features we’ve ever built at Strike: bitcoin-backed loans.
For the first time, eligible customers can borrow against their bitcoin without selling. Get access to cash using your bitcoin as collateral with fast, flexible loans at market-leading terms. Whether you’re buying a home, investing in your business, or funding your next move, bitcoin-backed loans let you tap into your wealth without giving up your stack.
Borrow between $75,000 and $2,000,000 for up to 12 months, starting at 12% APR with a 0% origination fee, available now in select U.S. states.
Bitcoin-backed loans are officially live for all eligible customers. Get started.
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NEVER GET RID OF FIAT....
This whole setup always felt shady to me, and I'm definitely not buying into it now. Just hope nobody gets burned jumping into this.
It's the old good scam blueprint:
In other words Strike was always meant to be the "new Paypal" for fiat, but using Bitcoin rails.
LONG LIVE FIAT!
12% APR. Who is lining up for this s***?
fiat maxis
not me