Litecoin Has Joined The Platform Salt
A well-known company SALT, which is a supplier of loans based on the blockchain, has added to its platform Litecoin (LTC). The blockchain-based credit company SALT has a simple business model. It allows its users and consumers who request credit to hold their digital asset tokens and cryptocurrency tokens as deposit. In addition, this deposit guarantees them a certain amount of credit in cash, which they can pay in the form of interest later.
The project began its history in 2016. At the beginning of 2017, SALT received its first seed investment of $1 million. Without exception, all team members have invested their own funds in the creation of the software part of the project.
In March 2017 SALT entered into their first loan agreement on the basis of the blockchain.
Through SALT’s credit provider, users, traders and investors can now hedge their assets. These digital asset tokens and cryptocurrencies are held as deposit.
The official Twitter handle of Litecoin made an announcement along with a post on its official blog stating that SALT is adding Litecoin (LTC) to its blockchain-supported credit platform.
Litecoin mentioned that SALT stands out as the main liquidity provider for large crypto-investors, including individuals, mining operations, exchanges and other institutions in the blockchain ecosystem.
However, the SALT platform is not only for borrowers, it is also good for lenders. The project gives the lender another stream of income that is protected from the volatility of the cryptocurrency. The platform also helps to reduce risks in case of a fall or panic in the cryptocurrency market.
