Category Archives: Blockchain-Backed Loans
Dear SALT Community,
The year is off to a fast start – here are some of the highlights from the first full week of 2018!
SALT continues to roll out our platform at a careful pace and security remains our primary focus. As new members and loan requests continue to expand, so do the jurisdictions in which we are serving loans. Thank you for helping us create the future of lending!
Active members: 54K+ (approx.)
Funded loans: $7M+ (approx.)
Loans in work: $28M+ (approx.)
The North American Bitcoin Conference
On January 17-18 the SALT Team will be at TNABC in Miami. If you’re at the event, please stop by our booth. Tickets available here: https://btcmiami.com/
The Bitcoin, Ethereum & Blockchain Superconference
On February 16-18 come see SALT CEO, Shawn Owen, speak in Dallas at The Bitcoin, Ethereum & Blockchain Superconference. Tickets available here: https://www.
Our subreddit is growing, join the conversation! https://www.
The SALT Team
* Some restrictions apply. Subject to KYC, AML, and suitability screening.
EthLend and Salt ICO – Blockchain Lending That Will Replace Banks
Source: David Hay
Responses to David’s video:
“David, Love your videos but you missed the mark on this one. The EthLend Dapp is live and working fine you just need MetaMask installed on your browser in order for it to work.There is no risk for the LENDER because the borrower puts up ERc20 tokens as collateral for the loan and you can only borrow 67% of the tokens value. If you default then the LENDER will keep your tokens which is worth more than the loan they funded”
“Dave. Ethlend uses collateral. I am currently a user of their platform. They are already on Alpha 2.0 and require you to download Metamask to access the program and begin lending/borrowing. They also have a protocol to track credit ratings.. For each loan that is paid back, the borrower will receive credit tokens to help repay the next loans interest and will build their online credit rating. They have implemented lending via ERC20 to ETH and have recently allowed for US dollar loans. They are also currently working to implement Bitcoin lending and a host of other FIAT currencies. I hope this helped.”
“You make the Ethereum platform sound like a risk, when it’s revolutionary. I guess it’s a matter of more “governed” SALT, and arguably more understandable and user friendly, vs. peer-to-peer “less governed” and more complicated ETHLend? You make backing LEND sound like a risk because of the “what if” scenario with how the U.S. legally accepts it. That kind of contradicts your previous videos when you say you back the crypto’s based off the technology and concept. Either way, your input is greatly appreciated!”
ETHLend is a decentralized peer to peer lending platform running on Ethereum blockchain network. Anyone from anywhere from the world can lend and borrow, peer to peer. ETHLend provides the possibility to lend and borrow without borders quickly and efficiently. For example, a borrower in UK does not need to rely on local UK banks and lenders. Instead, with a single loan request, the borrower can access funding from all parts of the world. Simultaneously, any lender from Tokyo to Los Angeles can fund this loan request. Safe by design due to the use of smart contracts and blockchain.
Source: ETH Lend
Update received from SALT Lending…
Dear SALT Members,
It has come to our attention that there is currently a phishing scam circulating. Please avoid any website and twitter account claiming a SALT airdrop promotion. Our security team is addressing the issue.
The SALT Team
ETHLend participates in Blockchain and FinTech events in Amsterdam, Oslo and Gibraltar
ETHLend team attends various events this week in Europe. On tuesday we were attending Blockchain Summit in Amsterdam where discussion was focused on how blockchain technology could be adopted.
This Wednesday we are also attending in International FinTech Conference at Gibraltar where our Advisor Anastasija Plotnikova is announced as a speaker on Cyber Security and blockchain. This is an enormous opportunity to highlight the security improvements that smart contracts provide to financial applications, such as ETHLend.
On Wednesday and Thursday we are attending CryptoFinance in Oslo, where our Head of Token Sale Martin Wichmann is announced as a speaker on decentralized lending.
To sum it up, we are working hard to create the global lending market.
We will share all insights and the latest buzz on the community Telegram.
SALT Lending is excited to officially announce an international commercial banking relationship with the SBM Group, one of the largest banking and financial services institutions serving clients in Africa and Asia. The State Bank of Mauritius is a licensed commercial bank with a market capitalization of over US$3 billion.
“We are keen to explore providing banking services to this innovative company. This relationship will go a long way toward achieving our nation’s goal of becoming a hub for outstanding blockchain companies and fostering financial inclusion.” – K.C Li Kwong Wing, Chairman of the SBM Group
To foster this relationship, SALT has opened an office in the Republic of Mauritius, which boasts a global financial center. SALT looks forward to the advantages this strategic location provides in opening access to new developing markets.
“Mauritius is an ideal destination for innovative blockchain companies with its sandbox licensing framework that can provide regulatory clarity.” – James Duchenne, Managing Partner at Sutton Stone.
Continue to read at the source: The Coin Telegraph
RoadtoRoota Update: SALT Lending Update (Bix Weir)