Strike launches Bitcoin-backed loan service

By offering loans that require users to relinquish custody of their Bitcoin, we risk reintroducing the very financial dependencies Bitcoin aims to eliminate.

One day the rates on bitcoin loans will be negative

@farella_d it’s here

50% LTV and 12% interest on the fiat value to repay, plus covering with more collateral in case of price going down.

What's the rate

I know a few businesses that will be obsolete after this.

Been waiting for this

this is gonna age like milk, tits up in 2 years?

@shakepay let’s go!!!

Strike isn't missing. They have an incredible Bitcoin app!