Published On: Thu, May 25th, 2017

SALT Enables Traditional Lending Secured by Cryptocurrency

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A new startup in Denver, Colorado has set out to take on the blockchain-based lending market. Secured Automated Lending Technology, or SALT for short, is a membership-based financial enterprise with its eyes set on being recognized as the first lending platform to facilitate loans collateralized by bitcoin and other cryptocurrencies.Touted as “traditional lending secured by cryptocurrency,” SALT will allow members to leverage assets like bitcoin and ether for loan collateral. This new platform, which will be tethered to Ethereum ERC20 smart contracts, will enable borrowers to tap into “capital on demand” via its ecosystem …

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