Strike, the Lightning Network-powered payments platform founded by Jack Mallers, has officially launched a new crypto lending product designed to allow users to borrow cash without selling their Bitcoin.
Announced Tuesday, the new service, Strike Lending, will initially roll out in select U.S. regions, with international expansion plans already underway.
“You shouldn’t have to sell the best-performing asset in human history to access cash,” said Mallers on X. “Now you don’t have to.”
The program is open to both individual and institutional users and offers borrowers the ability to use their Bitcoin as collateral while maintaining ownership. The move aligns with a broader industry trend, as companies like Coinbase and Xapo have recently expanded their lending services in response to a recovering crypto market.
Mallers, who recently became CEO of Twenty One Capital — a new Tether-backed competitor to Strategy — emphasized that Bitcoin-backed credit solutions are a key part of unlocking long-term financial utility in a decentralized economy.
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Reporter at Coindoo
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Source: https://coindoo.com/strike-launches-bitcoin-backed-lending-service-lets-users-borrow-without-selling-btc/