US EditionBitcoin-backed loans ‘obvious’ next step — Xapo Bank CEO
- Strike has launched bitcoin-backed loans for eligible customers in 26 U.S. States, offering amounts from $75,000 up to $2 million with 12-month terms.
- This service responds to demand from bitcoin holders seeking liquidity without selling, driven by strong conviction and growing confidence in bitcoin's long-term value.
- Users post bitcoin as collateral, manage loans entirely via the Strike app, enjoy flexible repayment options, no credit checks, and retain bitcoin ownership during the loan term.
- Strike CEO Jack Mallers emphasized that customers should not have to relinquish their top-performing investment in order to obtain liquidity, underscoring the benefit of loans secured by Bitcoin.
- The introduction of bitcoin-backed loans marks a step towards mainstream crypto finance by enabling holders to access capital while maintaining bitcoin exposure, with planned future expansion including Europe.
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12 Articles
Bitcoin-backed loans ‘obvious’ next step — Xapo Bank CEO - WorldNL Magazine
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The Future of Finance: Xapo Bank CEO Predicts Bitcoin-Backed Loans as the Next Big Move
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