In a significant development for the crypto finance sector, Bitcoin payment company Strike has revealed that U.S. customers can now leverage Bitcoin as collateral for loan applications. This new service allows eligible borrowers to secure loans that span a term of 12 months, with amounts ranging from a minimum of $75,000 to a substantial maximum of $2 million. By integrating Bitcoin as a secured asset, Strike is positioning itself at the forefront of the crypto lending market, tapping into the growing inclination among investors to utilize their digital assets for liquidity. This strategic move not only enhances customer options but also underscores the increasing acceptance of cryptocurrencies in conventional financial frameworks, paving the way for broader adoption in the sector.
Source: https://en.coinotag.com/breakingnews/strike-enables-u-s-customers-to-use-bitcoin-as-collateral-for-loans-up-to-2-million/