XRP now accepted as collateral for a Crypto backed loan

by | Dec 16, 2019

SALT is a company founded in 2016, headquartered in Denver, Colorado. SALT offers membership-based borrowing allowing borrowers to leverage their cryptocurrencies to secure cash loans, while simultaneously providing an opportunity for financial institutions and accredited investors indirect involvement in this new asset class, linking cryptocurrency with traditional lending.

On December 14th, SALT announced that XRP had been added as a collateral option for Crypto backed loans.

SALT becomes the latest of many companies accepting XRP for crypto backed loans (Celcius, Cred, Helio Lending, Nexo, YouHodler and Hodl Finance).

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