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July 26, 2018, 04:10:36 AM

How do we feel about this then?

BlockFi just gathered up $50 million to lend to bitcoin and ethereum holders who don’t want to cash out (yet)

Quote
Currently, BlockFi allows investors to take out a loan as high as $10 million using either bitcoin or ethereum as collateral.

I don't really have an opinion on them. But I think it's hilarious that SALT was already doing this business model and for much longer, and then this company comes along and gets huge funding just like that. Lol.

One of the many reasons I never invested in SALT (mainly because I believe all ICOs are shit) is that I *knew* that the crypto loan collateral space would eventually get saturated very quickly, with lots of competition. And it looks like there are already quite a number of them, with more on the way. Glad I didn't, as SALT's token price is in the shitter.
https://coinmarketcap.com/currencies/salt/#charts