CRYPTO LOAN – SALT is a firm that allows users to borrow cash against their cryptocurrency holdings, is now available in 35 states, including Washington D.C. Announcement was made on Wednesday which revealed the firms expansion into 20 new U.S. states, making it all together 35 states now.
SALT is now allowing its client to access loan using their Crypto asset. This means that if you have bitcoin, Ethereum, Litecoin, Bitcoin Cash and the likes, you can show these as asset and apply for loan.
SALT is going to be the first loan institution to allow its client access loan using their cryptocurrency assets. As at the time of writing this post, SALT has expanded into 35 states in the USA.
This pose some questions as recently Ukrainian Government is suppose to be bringing a bill that will tax cryptocurrency miners 5%. Somehow some government and financial institutions are finding ways to cope with the excesses of cryptocurrency. To many this is by far better than outright ban on the use of cryptocurrency.
Source: https://www.mntrends.com/2018/08/salt-extends-provision-of-crypto-loan-to-20-other-u-s-states.html/