TCR TOP STORIES

SALT (SALT)

Salt is a membership-based lending and borrowing network which allows you to use your blockchain assets (Bitcoin, Ethereum, etc..)as collateral to acquire fiat currency cash loans. This allows you to leverage the value of your digital assets, offset tax events, avoid exchange fees and maintain your cryptocurrency holdings.

Let’s say, for instance, that you own some Bitcoin and you need some cash for the down payment for a house or to start a business. Salt allows you to put up your Bitcoin as collateral in order to secure a loan which you can use as you please. For more information on the lending structure, see the Salt whitepaper.

Salt was originally founded in Denver, USA in 2016. They had a successful ICO in August 2017, raising over US$55 million dollars. Based on the amount raised, it was one of the most successful ICOs of all time.

The team is led by CEO Shawn Owen, a self-proclaimed serial entrepreneur and early Bitcoin advocate. Assisting Shawn is Josef Schaible, who has over 22 years of fintech and entrepreneurial experience. Schaible is the co-founder of NexTrad, Matchbookfx, Anderen Financial and AtlasBanc Panama.

For more information on the Salt team, how the platform will work and some of their challenges, see “What is Salt”.

Top News

Ripple Penetrates its Branches in Washington, DC

Ripple has started opening office in Washington, DC. The Blockchain Association, joined by Ripple with Michelle Bond who is the Global Head of government relations and Craig Phillips, the former Counselor to the secretary at US Treasury Department are the prominent personalities to join Ripple’s Board of Directors. Hello, Washington …

Read More »

CoinAgenda Global Returns to Las Vegas, October 26-28, Connecting Blockchain Industry Titans with Investors, Enterprise & Entrepreneurs

Sixth Annual VIP Conference Sets Limited Attendance of 500 Delegates for Intimate, High-Touch Presentations and Networking with Industry’s Leading CEOs, Funds, Media, Plus Renowned Keynote Speakers and 50 Cryptocurrency and Startup Presentations  LAS VEGAS — SEPTEMBER 4, 2019 — CoinAgenda (https://coinagenda.com/), the leading global conference series connecting professional investors, traders, …

Read More »

Bitcoin.com Acquire Japenese Blockchain Company O3 Labs

In present time there are many ups and down going in the Cryptocurrency market and in the recent list, there is an announcement that Bitcoin.com the firm which is backed by Cryptocurrency investor Roger Ver has acquired O3 labs. O3 labs is a Japanese Blockchain development startup. This O3 startup …

Read More »
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.