Strike launches Bitcoin mortgage loan service with a minimum loan amount of $75000

According to The Block, Strike, a Bitcoin lightning network payment application founded by Jack Mallers, announced the official launch of its encrypted loan service "Strike Lending". This service is aimed at both individual and corporate users, initially only available in specific regions of the United States, and will be expanded globally in the future. Users can use Bitcoin as collateral to obtain cash without selling their holdings. The loan term is 12 months and the amount ranges from $75000 to $2 million. The annual interest rate is at least 12%, and there are no loan initiation or early repayment fees. The credit score is not affected. Strike emphasizes that its loans are supported by audited capital providers, and assets will be held in custody by partner institutions during the loan period. The platform always assumes legal responsibility for user assets.