SALT lets you leverage your blockchain assets to secure cash loans. We make it easy to get money without having to sell your favorite investment.
Pros
Easy application, fast approval, and no credit checks. Freedom to get your assets back whenever you want. Your assets are held in multi-signature wallets for safe keeping.
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.
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.
In 2018, the team is planning on launching credit cards, creating loan funds, and expanding collateralization to other alternative coins as well.
Platform has great potentiality.
Pros
SALT lets you leverage your blockchain assets to secure cash loans. In this way it easy to get money without having to sell your favorite investment.
- Easy application, fast approval, and no credit checks;
- competitive interest rates with no prepayment fees;
- freedom to get your assets back whenever you want.
Cons
It is necessary marketing actions improvements.
It's not very well known yet by community.
This is a useful technology, a useful idea. The risk for harm or tomfoolery appears minimal, especially when compared with current US Dollars from the Federal Reserve, loaned out by lobbyist owned conglomerate banks.
Pros
Allows the individual to benefit from helping the community financially.
Cons
Needs more marketing to separate this financial platform from the traditional environment, as well as standing out in this space.