SALT, a blockchain asset provider all set to include Litecoin [LTC]  24544
News
Ashmita Dutta
Oct 4, 2018 at 9:00 PM

SALT, also known as Secured Automated Lending Technology platform that use blockchain to secure loans, has announced Litecoin [LTC] inclusion. Today, this announcement has come along with few other major notifications such as removal of maximum cap level on the loan amount and providing loan solutions which are more competitive in the market. In the new initiative, the loans of the clients can now be secured by Litecoin [LTC], besides Bitcoin [BTC] and Ethereum [ETH].

SALT stands out from the rest in the market space for being the top liquidity provider for the large scale virtual currency investors. This list of crypto investors include individuals, institutions in blockchain space and mining operations. With this announcement and new offering, the company continues to contribute in the crypto lending ecosystem.

Currently, SALT offers its customers USD loans that have the lowest interest rate marked at 5.99% for loan amount lesser than $75,00 or levies 11.99% for loans marked at $25MM. However, the options of tailoring is also available for loans that exceed $25MM. It is interesting to note that as per jurisdiction, the interest rates and loan amounts are subjected to variation.

SALT enjoys the position of a perfect loan solution provider due to its offering to cater to the demands of the businesses, in general and individuals, in particular. The new offering paves the way for fulling the goal of SALT to serve its significant clients. The offerings involve the valuation of live portfolio, global support, adjustable terms of loans, competitive rates and proprietary custody solution.

However, the cryptocurrency LTC has lately witnessed new developments in terms of its listing. Last month, it was announced that Cointext, a text message-based cryptocurrency transaction has allowed Litecoin [LTC] as well as Dash [DASH] in US and Canada to be a part of the cryptocurrency transactions it deals with. The service enables its customers to send money to anybody with a mobile phone number or a cryptocurrency address, which makes it to the point of not downloading an app to access its services.

See also:

Users can now trade Dash and Litecoin on Cointext 

Is Bitcoin network still vulnerable? Litecoin founder Charlie Lee shares his opinion

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