Strike Receives BitLicense from New York State Department of Financial Services

Odaily News Bitcoin payment application Strike announced that it has officially received the BitLicense from the New York State Department of Financial Services, allowing it to operate crypto service business locally. Strike previously also announced the launch of a Bitcoin-collateralized credit line service, enabling users to borrow fiat currency in real-time for Lightning payments or bill payments. Currently, the service supports low-barrier borrowing and will initially launch in Georgia and Massachusetts, with plans to expand to more states across the United States.