American Startup To Loan To Crypto Holders Of 35 States
SALT Lending startup, which provides fiat loans to crypto holders, will service customers in 35 US states.
Previously, citizens from only 15 states could receive a loan from SALT Lending, now Connecticut, Florida, Illinois, Kansas, Texas, Michigan, Wisconsin, and others joined the list.
More Than Twice the Opportunity! Read about SALT's new jurisdictions. https://t.co/LjbIc4tYOU— SALT (@SaltLending) August 9, 2018
Besides, startup specialists presented an updated technology platform with improved instruments for loans, accelerated the process of transactions, and created a new customer loyalty program.
Covering 35 states was quite difficult as lawyers had to work constantly with experts on regulations to comply with every possible normative act of each state, SALT Lending CEO Bill Sinclair stated.
The specialists at SALT Lending are gradually transferring their customers to a new platform, starting with main community leaders. The developers improve the service based on their comments and remarks.
The new loyalty program for members is designed to retain regular customers and get new ones. Users can change the loan terms themselves with the SALT startup token. New customers become members of the program if they place not less than one SALT on the company's platform. After that, they can use their funds to adjust interest rates on loans.
In future, the startup is considering the possibility of providing microcredit, adding new tokens, and making plans to enter the international market, according to Bill Sinclair.
As previously reported, the Coinbase trading platform updated the operating license in Wyoming.