Looks like the Strike loans are live in Europe now @jack mallers 👌
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Good to see the business expanding.
KYC remains an issue, and any coinjoined coins would be linked to a person again when taking out a loan like this. Not to mention the bank's response when a deposit like that is made 😆.
People are gonna get recked so hard. No way they can manage that !
Loans are ok if they're used wisely.
Buying Lambo isn't wise. Just saying 😁
You giving more money to someone to get less money back with an interest is not a loan.
Yea it need at least a suggestion how to use it responsible and have some stress test to previous bearmarkets.
I’m personally waiting for a lower minimum and a significant personal financial event before borrowing 😇
You can get bank loans for 10.5% APR without collateral.
Why would you put your Bitcoin at risk for 13%?
Considering bitcoin is "pristine collateral" as people say, I would expect much lower rates than banks.
If your credit rating would not allow you, this is a good alternative.
I would just make a large private lightning channel with the coinjoined funds and top-up strike with a couple lightning payments ⚡