RATE Group | Cryptocurrency-Backed Loan Service SALT Lending Expands Network to 35 States
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Cryptocurrency-Backed Loan Service SALT Lending Expands Network to 35 States

11 Aug Cryptocurrency-Backed Loan Service SALT Lending Expands Network to 35 States

Posted at 02:22h in Cryptocurrency News by

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bitcoin loan salt lending

Cryptocurrency-collateralized loan provider SALT Lending has announced that it is now operational in 35 U.S. states after receiving regulatory approval to expand its network to 20 new localities.

The Colorado-based firm is perhaps the best known of several companies that allow borrowers to stake their bitcoin and other cryptocurrency assets as collateral when applying for a loan, enabling them to immediately access the purchasing power of their investments without relinquishing their future upside potential.

Following SALT’s expansion into 20 new states including Florida, North Carolina, Virginia, and Oklahoma, cryptocurrency investors in all but 15 states can leverage their holdings to obtain USD-denominated personal loans.

SALT says that it has issued over $50 million in loans to its more than 70,000 users since its launch in June 2017 and that it hopes to be operational in all 50 states by the end of next year.,

“This news effectively gives our platform a 60 percent…

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