Jack Mallers unveils Strike's Bitcoin-backed lending strategy

Jack Mallers, head of Strike, has announced significant plans for the company's new Bitcoin-backed lending product.
In a recent video, Mallers detailed Strike's strategy to reduce lending rates and implement 'proof-of-reserves', which aims to bring transparency to the platform. These initiatives reflect a growing trend in the cryptocurrency industry to enhance credibility and user trust. Mallers emphasized that the introduction of this product marks just the beginning of broader developments within the sector, suggesting that more innovations are in the pipeline.
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In the previous news, tweet author Jack Mallers discussed expanding Strike's presence in new markets.