Bitcoin Payments Strike App to Offer BTC Lending to Boost Resurgent Sector
Bitcoin Payments Strike App to Offer BTC Lending to Support Resurgent Sector
“You don't have to sell off the most profitable asset in human history to access finance. You don't have to anymore,” said founder Jack Mallers.
Jamie Crowley | Edited by Sheldon Rebeck May 7, 2025, 3:26 PM
What you should know:
- Jack Mallers' Bitcoin payments app Strike is preparing to launch Bitcoin lending.
- Mallers said Strike intends to allow users to borrow fiat money while still holding their bitcoins.
- Bitcoin lending could be a key area for recovery following the emergence of companies like Coinbase during the BTC rally that began late last year.
Jack Mallers' Bitcoin (BTC) payments platform Strike is gearing up to enter the BTC lending market.
Strike plans to offer its users the ability to receive fiat loans without having to part with their bitcoin, Mallers noted in a post on X on Wednesday.
“You don't have to sell the most profitable asset in human history to access cash. You don't have to anymore,” he added.
Strike Lending will initially be available in select regions of the United States, with plans for international expansion.
“If Bitcoin continues to grow faster than your borrowing costs, your asset will appreciate faster than your debt. In other words, the income from owning Bitcoin could significantly outweigh the interest on your loan,” Mallers said.
Many Bitcoin lenders fell victim to the crypto bust that began in 2022. BlockFi, Celsius, and Genesis all went out of business during this period.
The entry of major cryptocurrency companies such as Coinbase into the market suggests that Bitcoin lending has prospects for a recovery after the rally that followed Donald Trump's election as US president in November.
Read More: Coinbase Sees 4%-8% Yield with New Bitcoin Yield Fund
