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Salt, in this context, is an acronym for “Secured Automated Lending Technology.” And that’s what Salt has to do with: blockchain-backed loans. “Basically at a high level, a blockchain-backed loan is a secured asset-backed loan, where the collateral is BitCoin or Etherium,” explains Shawn Owens.
What Salt is really doing here is creating a credit market that doesn’t already exist.
It’s a space for borrowers and lenders to interact, on either side.
Owens sees huge potential for blockchain technology to impact the credit market as a whole.
Listen in to learn more about lending and borrowing in crypto. Be sure to subscribe and review, and if you can, consider donating some BitCoin to the cause. Every little bit helps.
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