Review on SALT by C Cas

Name: SALT
Item: SALT
Rating: 5

March 20, 2018

SALT is the first and best in crypto collateralized lending...for now…

SALT is the first and best in crypto collateralized lending...for now. Hopefully the strong leadership team can overcome US regulatory friction and marketplace hurdles in time, and efficiently enough to stay out in front and offer the best loans at the best rates for the long run.
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Pros

SALT meets a very real need in the crypto space...liquidity and exchange to and from FIAT currency. There are very few players in the space right now and more than anything, most traders want to hodl their investment, but still need cash. Look for more players to emerge, but for now, SALT is the standard. Crypto collateralized loans are in short supply and demand is huge.

Cons

Expect extreme competition in this space, possibly even from established traditional lending institutions. SALT only operates in a few US states and with rather limited services that must adhere to strict standards. Once major players emerge that can offer friction free lending (think NEXO and Coinloan), SALT will needs to have it's systems running flawlessly to maintain market share.