The SALT token price has jumped around 50 per cent in 24 hours to be trading at around AU$1.
It follows an announcement from the blockchain lending platform that clients can now use Litecoin as collateral for their loans.
SALT announces #Litecoin as collateral, offers USD loans with interest rates as low as 5.99% for loans below $75,000, and as low as 11.99% for loans up to $25MM. Now no maximum cap on loan amount. Loan terms vary by jurisdiction. https://t.co/MgvPHizZrN
— SALT (@SaltLending) October 4, 2018
Recently, SALT Lending also announced a significant international expansion.
It is opening operations in 15 additional U.S. jurisdictions, while also heading into Brazil, Hong Kong, Switzerland, Bermuda, Vietnam, Puerto Rico and the United Arab Emirates.
So, what about Australia?
Well, Micky has been shown a message purportedly sent from SALT to a potential client, suggesting compliance down under isn’t too far away.
SALT reached an all time high above AU$20 during the cryptocurrency bull run earlier this year, before plummeting 99%.
Australia’s Prime Minister recently revealed he ‘believes in blockchain.’ You can read about it here.