Strike has unveiled one of its most powerful and innovative features to date: bitcoin-backed loans. For the first time, eligible users in select U.S. states can now borrow cash against their bitcoin holdings without having to sell their cryptocurrency. This option allows individuals to access liquidity without losing their long-term exposure to bitcoin’s price appreciation.

Announcing Strike Lending

You shouldn’t have to sell the best-performing asset in human history to access cash. Now you don’t have to.

Access your bitcoin wealth without selling it. Build a better life on top of bitcoin with @Strike.

Borrow fiat. HODL #bitcoin. pic.twitter.com/t3SqVeu8fq

— Jack Mallers… Read more on BitcoinMagazine