SALT (Secured Automated Lending Platform) is recognized as a conventional form of digital lending platform offering crypto-backed loans through a series of smart contracts.
Users move their collateral — only BTC and ETH are currently applicable - to SALT’s Oracle Wallet and when the loan is approved, payments are sent to the user’s bank account for any personal or business expenses, which brings more liquidity to the market.
At CoinField, we offer SALT with a pairing on XRP - for buy and sell.
- “What Is SALT Lending? | Breaking Down Blockchain-Based Loans.” CoinCentral, CoinCentral, 4 Apr. 2018, coincentral.com/salt-lending-beginner-guide/.
- “Blockchain Liquidity Without Selling.” Saltlending.com, SALT, 2018, saltlending.com/.