SALT Lending, a global provider of cryptocurrency-collateralized Blockchain-Backed Loans™ has announced a major expansion that includes new operations in the United States, Asia, Europe and the Middle East. This robust expansion of services follows SALT’s 20-state expansion in August, a phase in the company’s goal of operating in all 50 states and gaining global growth.
Reaching Market Leadership For Cash Loans Via Blockchain Assets
SALT has opened operations in 15 more U.S. states which include Massachusetts, New Jersey, Texas and Washington. It has also opened in 7 additional countries in different regions of the world as part of its global expansion. These include Hong Kong, Switzerland, Bermuda, Vietnam, Puerto Rico and the United Arab Emirates.
SALT has embarked on becoming a market leader, thus it features a range of competitive offerings, including no origination fees, flexible loan terms, no prepayment fees, no servicing fees and no closing costs. These aspects allow the company to maintain a stronghold in the sub-sector of blockchain-backed, cryptocurrency-collateralized loans and posit the company towards market leadership.
Bill Sinclair, the Interim President and CEO of SALT has remarked on the ability of SALT to provide businesses and individuals with access to loans as the world inclines toward cryptocurrency use.
The Interim President said:
“The number of cryptocurrency holders has already increased by more than 70 percent worldwide during the past year, which points to the potential of a dramatic increase in loan demand. Given SALT is also one of the few companies that actually lends in fiat currency, we’re in a unique position to democratize loan access by providing a multi-faceted loan service to businesses and consumers across the world.”
Leveraging Blockchain Assets To Secure Cash Loans
The geographical expansion and greater flexibility for borrowers marks the key facets of SALT’s mission, which set out to increase loan access and bestow customers with maximum utility of their assets.
As part of SALT’s ambition to continue amassing international exposure and providing its services to cryptocurrency users across the globe, the company supports the trading of international currencies.
Sinclair said that:
“Overall, it’s about providing more liquidity to the crypto-market. This is yet another leap forward in allowing both the banked and unbanked to gain access to traditional financial institutions through their blockchain assets.”
SALT Lending Holdings, Inc. allows borrowers to leverage their blockchain assets, through which cryptocurrency is incorporated with traditional finance. By way of its membership-based borrowing platform, SALT enables cryptocurrency holders to obtain cash loans when they collateralize their Bitcoin, altcoins or other blockchain assets.
Additionally, SALT’s financial services provide opportunities for indirect involvement in this relatively new asset class.
The company is devoted to furthering the blockchain ecosystem around the world. It currently has a user base of 70,000 and operates in 10 territories. SALT was founded in 2016 and is headquartered in Denver, Colorado.
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