Litecoin (LTC) Gets Support On SALT Crypto Lending Platform As Collateralized-Loan Option
Secured Automated Lending Technology [SALT] is a platform offering blockchain-based loan. Recently, the platform announced that it will be accepting LTC as collateral for the loans. The platform’s move is its first venture into the crypto-sphere. In addition to the announcement, the platform also indicated that it will present a new set of features, including removing the maximum cap on loan amounts and updating loan solutions for emerging markets.
SALT announces #Litecoin as collateral, offers USD loans with interest rates as low as 5.99% for loans below $75,000, and as low as 11.99% for loans up to $25MM. Now no maximum cap on loan amount. Loan terms vary by jurisdiction. https://t.co/MgvPHizZrN
— SALT (@SALTLending) October 4, 2018
SALT has established itself as a niche market and a top liquidity provider for cryptocurrency investors. In addition to providing loans for individual customers, it also does so for large entities. The firm’s ability to accept a wide spectrum of clients enables it to be a go-to solution for many. The platform’s most popular features include live portfolio valuation, flexible loan terms, 24/7 support, and exclusive custody solution. Further, the platform is now being touted as one of the leading blockchain lending platforms.
The platform is offering loans in USD at an interest rate of 5.99% for loans up to $75,000. Loans up to $25 million feature an interest rate of 11.99%. The firm also has a token that was first traded in July 2017. It’s user base is also 70,000 worldwide.