Blockchain-Backed Lending Platform SALT is Now Present in 35 US States

3 min read

It looks that 2018 started well for blockchain-powered lending platform SALT which recently revealed on Twitter and its official website that it is expanding its services in another 20 US states.

SALT helps you “leverage your blockchain assets to secure cash loans” as described on its website. Recently, the company made a delightful announcement. From now on, SALT’s services are available in 35 U.S. states. Bearing in mind that the United States of America has 50 states, it’s a big deal for SALT to have such a huge coverage area.

SALT’s availability

Recently added states to the company’s portfolio are Connecticut, Florida, Illinois, Kansas, Texas, Maryland, Michigan, Wisconsin, and Maine, among others.

In addition to the abovementioned, the company is present in New Hampshire, North Carolina, Oklahoma, Alabama, Delaware, Indiana, Mississippi, New Mexico, South Carolina, Idaho, Iowa, Louisiana, Nebraska, Rhode Island, Tennessee, Texas, Vermont, Virginia, West Virginia, Wyoming, Ohio, District of Columbia, Connecticut, Colorado, and Alaska.

Some details about Proof of Access (POA)

In the same announcement, the company was proud to point to the launch of a new product- Proof of Access (POA).

The company wants to bring member flexibility to another level:

“With the long-awaited introduction of POA, members now have access to more flexibility when it comes to structuring their loans. This gives members the opportunity to tailor their approach in order to meet their individual borrowing needs. Members no longer have to pre-redeem SALT membership units in order to access borrowing limits. They can simply use their SALT membership units to customize the terms of their loan.”

In other words, POA gives users the ability to modify their loan terms using a native token. To benefit from platform services, users are required to own at least one SALT token.

The SALT’s services are quite impressive considering the variety of crypto regulatory frameworks in the US space. Another thing worth praising is that the company managed to propel itself on a crypto market considered one of the most complex and difficult.

Author: Adriana Midrigan

Elite CurrenSea

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