DENVER, Oct. 4, 2018 /PRNewswire/ -- Today SALT, the leading provider of large Blockchain-Backed Loans™ for cryptocurrency holders, announces major updates to its business offerings as the company continues to expand in the crypto lending market. While the company can now offer more competitive loan solutions to borrowers at the consumer level, SALT distinguishes itself as the premiere liquidity provider for large crypto investors including individuals, mining operations, exchanges and other institutions in the blockchain ecosystem.
With a primary goal of serving large clients, SALT's offering—live portfolio valuation, around-the-clock global support, a range of competitive rates, flexible loan terms, and a proprietary custody solution— enables it to meet the needs of individuals and businesses alike, making it the ideal loan solution for a wide range of clients.
- SALT has expanded its platform to include Litecoin—clients can now secure cash loans backed by Litecoin, Bitcoin, and Ethereum.
- SALT is now offering USD loans with interest rates as low as 5.99% for loans below $75,000 or as low as 11.99% for loans up to $25MM. For loans greater than $25MM, tailored options are available. Loan amounts and interest rates vary by jurisdiction.
SALT offers a smarter way to leverage blockchain assets—ingeniously bridging cryptocurrency with traditional finance. Through its platform, SALT enables cryptocurrency holders to secure cash loans by collateralizing their blockchain assets. Simultaneously, its services provide opportunity for exposure to this evolving digital asset class. The company is committed to advancing a global blockchain-based ecosystem. SALT has a user base of more than 70,000 and currently operates globally with a commitment to further expand its licensed lending jurisdictions. Founded in 2016, SALT is headquartered in Denver, Colorado.
Please see www.Saltlending.com for additional information regarding products, restrictions, terms and conditions.
SOURCE SALT Lending Holdings, Inc.
Source : https://markets.businessinsider.com/news/stocks/salt-updates-platform-to-include-litecoin-offers-new-competitive-interest-rates-removes-maximum-cap-on-loan-amount-1027589896