Sentiment: a cryto loan company is to expand

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bahari
Aug 8, 2018

https://www.coindesk.com/crypto-backed-loan-provider-salt-expands-to-35-us-states/

This article by CoinDesk (a mainstream crypto news outlet) describes the expansion of a company that offers loans for crypto coin collateral; increased geographical coverage (more states in US) and possibly additional crypto coins accepted (currently just ETH and BTC). It also describes new features.

This type of complany does well when there is long term growth in the coins they accept as collateral, and they tend to fail when there is long term decline.

This planned expansion suggests that at least the company owners have bullish sentiment for the crypto market generally.


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