The application of the Bitcoin (BTC) payment application by Jack Mallers is ready to move on to the BTC loan business.
The strike plans to offer users a means to borrow Fiat while continuing with Hodl Bitcoin, Mallers wrote in an X post on Wednesday.
“You shouldn’t have to sell the best performance asset in human history to access cash. Now you don’t have to do it,” he wrote.
Initially, strike loans will be available in selected regions of the USA with international expansion plans.
“If Bitcoin continues to grow faster than its indebtedness costs, its asset can be seen faster than your debt. In other words, Bitcoin’s profits can compensate more than interest in their loan,” Mallers said.
Several Bitcoin lenders were victims of cryptographic winter that began in 2022. Blockfi, Celsius and Genesis all capitulated during that period.
The entry into this sector of Lechas A of cryptocurrencies such as Coinbase suggests that Bitcoin loans is better for a resurgence after the demonstration that followed the election of the president of the United States, Donald Trump, in November.
Read more: Coinbase pointing to 4% -8% returns with a new Bitcoin performance fund
