Strike obtains New York BitLicense to offer crypto services

Bitcoin payment app Strike announced that it has obtained a BitLicense from the New York State Department of Financial Services, allowing it to conduct crypto service business locally. Strike has also launched a bitcoin-backed credit line service, enabling users to borrow fiat currency in real time for Lightning payments or bill payments. Initially, this service will be available in Georgia and Massachusetts, with plans to expand to more states across the United States in the future.