This article was first published on SALT Lending | USD or Stablecoin Crypto & Blockchain Loans
Today we announced our concept for the SALT Card, the first crypto credit card that lets you use your crypto to buy anything — from large purchases like vacations to everyday purchases like coffee and groceries– without selling or spending any of your crypto. Unlike other cards on the market that encourage you to spend your crypto, the SALT Card is designed to help you HODL and stack sats by earning bitcoin rewards on every purchase. No credit check required.
Already sold on the concept? Join our waitlist to stay in the know or keep reading to learn more.
How will the SALT Card work?
With the SALT Card, your crypto is your credit. This means we won’t ask for your credit score or do a credit check because your digital assets (not your credit score) will secure your line of credit and determine your credit limit.
We designed it this way because we know you want to get the most out of your crypto assets without having to sell them.
How is it different from a crypto-backed loan?
While the SALT Card is secured by your crypto assets, it’s different from a crypto-backed loan in that you can choose to borrow only what you need, and you only pay interest on an existing balance. Like a traditional credit card, if you pay the balance off each month, you won’t owe any interest. Plus, by having a physical SALT Card, you will be able to use it in the same places and for the same purposes as the other credit cards in your wallet.
What makes the SALT Card stand out?
Here are just a few of the existing benefits. We’re still in the early stages of developing the card and ...
To keep reading, please go to the original article at:
SALT Lending | USD or Stablecoin Crypto & Blockchain Loans