Cryptocurrency lending platform SALT lending has added support for Dash for loan collateral, including support for masternodes.

Cryptocurrency lending platform SALT lending has added support for Dash for loan collateral, including support for masternodes.

View image on Twitter

SALT@SALTLending

We’re happy to announce Dash (@dashpay) as our latest loan collateral type. Read more about this newest addition: https://bddy.me/2U6DN3d  Welcome aboard Dash enthusiasts! @Dash_Nation @AmandaB_Johnson @RTaylor05 @KennETHbosak @mattmeek_dash #dash

107

12:31 AM – Apr 10, 2019

37 people are talking about this

Twitter Ads info and privacy

In a post today, SALT lending announced the addition of support for Dash as a collateral option for loans. According to the post, Dash was added because the team saw its long-term viability and impressive present-day adoption, and because of the masternode network’s innovations:

“Like other cryptocurrencies, Dash enables anyone, anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority.

Given its long-term viability, its numerous use cases, and its level of adoption, Dash is an appealing collateral form for our platform. Aside from that, we chose Dash as our next collateral type for two primary reasons:

1. We support the Dash community and its mission
2. We respect Dash’s two-tier network and use of masternodes to maintain the health of their blockchain”

Previously, SALT supported a limited number of cryptocurrencies for collateral deposits, with Dash available via ShapeShift. Now, Dash collateral is supported directly without prior conversion.

SALT now allows Dash users to run a masternode while using it for collateral

In addition to simply adding Dash as a collateral option for loans, SALT has also added explicit support for using masternodes as collateral while maintaining them operational:…………

Please read Full Story at:

Author: Joël Valenzuela
Original link: https://dashnews.org/salt-lending-adds-support-for-dash-including-masternodes-as-collateral/