The Bitcoin payments app introduces a service enabling users to borrow fiat while keeping their Bitcoin holdings intact, with plans for wider U.S. expansion.
Strike, a Bitcoin payment platform, announced the launch of its Bitcoin-collateralized credit line service on social media platform X. The service allows users to borrow fiat currency against their Bitcoin holdings for Lightning network (instant Bitcoin transactions) or bill payments without needing to sell their Bitcoin. Initial availability begins in Georgia and Massachusetts, with plans to expand into additional U.S. states. This move reflects growing innovation in crypto-backed lending solutions aimed at bridging digital assets with everyday financial use.