r/strikebtc

My last several daily buys have executed with something like a 0.2% premium over spot.

Has anyone done a line of credit?

Considering doing a small 5k LOC. I have enough to post collateral and a bit more. Am I good to post the minimum or should I post more collateral? I would pay back the LOC next month.

Reason is I’m near one of my stacking goals, only need about ₿ 0.17 more. Technically I can pay for 0.07 in cash and would only need 0.1.

Just curious to hear from others!

one of the key reasons I'm still stuck using my fiat bank at all is because of zelle. if this were somehow integrated into strike so that I could use my line of credit as instant cash to send over zelle that would eliminate a huge step for me. accepting zelle incoming payments the other way would be great too

an example scenario: I don't hold fiat in the bank, just a credit card that I bill pay with my bitcoin backed line of credit. I'm out with friends for dinner (always a spontaneous situation), the check arrives and we're splitting it multiple ways. one of them is paying with credit card so we all chip in and send our part through zelle. strike with zelle would offer a seamless experience for them to accept the cash straight from my line of credit (or cash balance) without having to sit there fiddling with my phone for a while dealing with instant transfer fees and them waiting around for me to get it to my fiat bank. I know instant transfer makes this fast, but I would just love to be able to eliminate a step and do this all seamlessly within strike. a lot of cash-only businesses and local farms I buy from also accept zelle, so this would be far easier