One of the crypto lending platforms from US SALT has added Litecoin [LTC] as the collateral for the loans. SALT or Secured Automated Lending Technology is a platform offering a blockchain-based loan. In a Twitter update, the firm announced the acceptance of LTC as collateral for the loans. The firm would also be adding some new features like removing the maximum cap on loan amounts and updating loan solutions for emerging markets.
The platform is offering loans in USD at an interest rate of 5.99% for loans up to $75,000. Loans up to $25 million feature an interest rate of 11.99%. The firm also has a token that was first traded in July 2017. Its user base is also 70,000 worldwide.
Check out their announcement on Twitter.
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