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Cryptoknowmics 2022-09-03 13:50:07

SALT Receives A Buyout Offer From Bnk To The Future

A central online investing platform has made a purchase offer to the crypto loan startup SALT, which the company believes will improve its product range and further its goal of making digital assets more widely available. A Buyout Bid For SALT The firms announced on Friday that Bnk To The Future, or BF, has submitted a letter of intent to buy SALT for an undisclosed sum. Both parties must sign final agreements for the acquisition, and regulatory approval is necessary. Chief product officer of SALT, Robert Odell, defined the prospective acquisition as a grouping of early adopters in the Bitcoin market. The arrangement wouldn’t impact existing SALT users, should it be approved. The company stated, “We want to reassure you that there won’t be any changes to your loan due to this news.” Bnk To The Future A micro venture capital company called Bnk To The Future enables investors to support fledgling fintech and cryptocurrency businesses for as little as $1,000. Through the platform, startups can raise money by pitching investors directly on their goods and services. Startups have reportedly raised more than $1.7 billion through BK. One of the first cryptocurrency-backed lending platforms, SALT, was established in 2016, enabling borrowers to get loans in U.S. dollars secured by digital assets like Bitcoin (BTC) or Ether (ETH). The company arose before the so-called DeFi Summer of 2020 when dozens of decentralized financial protocols...

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