Created by serial entrepreneur Shaun Owen, SALT, or Secured Automated Lending Technology, lets users leverage their blockchain assets to secure cash loans. The Denver-based lending company gained attention from the industry by allowing borrowers access to capital backed by the value of their cryptocurrency wallets, instead of traditional credit checks.
This disruptive model could shake up the industry by acknowledging the value of blockchain assets which are currently being neglected by traditional financial institutions. The SALT coin itself is tethered to Ethereum ERC20 smart contracts.
Historically altcoin price fluctuations had a positive correlation with bitcoin price movements. This meant that if bitcoin price increased, you would soon expect the altcoin prices to increase, but recently bitcoin price and altcoin prices seem to be independent. Factors that drive price of an altcoin are interest around the altcoin, if there is an upgrade coming up, listing on prominent and trusted crypto exchanges and new partnerships formed by the altcoin.
Altcoin adoption has a major role in positive price increases, adoption is hugely influenced by the use cases of the coin. Spreading of FUD by media, negative press from influential people, banning of crypto by certain countries (regulation) and hacking of altcoin and exchange platforms has a negative effect on altcoin prices.
SALT can be converted from major digital currencies on our cryptocurrency conversion service. This means you can buy with ZAR, EUR, NGN, GBP, AUD and many more. Supporting 25 countries, can be bought using the most convenient local payment method; including bank transfers, PayPal, TransferWise, supported fiat deposits, direct deposits and M-Pesa. Credit card payments are coming soon.
Disclaimer: The content on this page should not be taken as financial advice. Never invest what you can’t afford to lose as the cryptocurrency market is volatile. Always research as much as possible before buying any coin.