In the business world, partnerships should be exciting and mutually beneficial to the parties involved. They give businesses the chance to learn and further a shared vision using each other’s strengths. Loci is on a mission to revolutionize the way the world invents and help create a paradigm shift in the global economy. Our platform, InnVenn, is already developed and uses blockchain technology and cryptocurrency to encourage entrepreneurs and small businesses to claim their intellectual property and monetize from them.
I am excited to announce the intent to partner with SALT, blockchain technology’s leading cryptocurrency lending service.
SALT offers a unique service to crypto-holders that allows them to use their crypto-assets as collateral against a fiat loan. This means that holders of Bitcoin, Ethereum, Litecoin, and soon, LOCIcoin, will be able to use their crypto as collateral in exchange for fiat funds.
SALT’s service gives those with cryptocurrency holdings the chance to use the fiat equivalent, while still holding on to their assets. They provide an fast and easy sign up, don’t require a credit check and offer competitive interest rates.
I have been working closely with SALT CEO, Shaw Owen, and Caleb Slade lately as we have attended several of the same blockchain and ICO-based conferences. We share similar a similar vision when it comes to where we would like to cryptocurrency go and believe our partnership will benefit that vision.
Cryptocurrency is battling to break into the mainstream market. The more services and use-cases that industry thought leaders develop the more crypto proves its legitimacy as a real currency. Companies like SALT who treat cryptocurrency and utility tokens with the same respect as the USD or the GBP help further cryptocurrency’s reach and usability.
I am thrilled with the opportunity to partner with SALT, who will provide the much needed lending against crypto assets. It is an exciting option for LOCIcoin holders to be able to borrow funds without losing their crypto-assets. We plan to be fully integrated onto the SALT platform by the end of 2018.
