SALT launches Crypto Lending-as-a-service; announces Cion Digital as first partner

GlobeNewswire
2022-04-21

Partnership will bring point-of-sale crypto lending solutions to over 5,000 car dealerships

Denver, CO, April 21, 2022 (GLOBE NEWSWIRE) — (via Blockchain Wire) SALT and Cion Digital today announced a strategic partnership to bring SALT’s crypto lending solutions to over 5,000 car dealerships in the United States . This announcement marks the launch of SALT’s integrated crypto lending service, which will enable financial service providers and fintech platforms to rapidly deploy crypto financing solutions.

Launched in 2016, SALT was the first platform to offer crypto lending and has since focused on optimizing its lending technology and service operations. Over the past few years, the company has built a comprehensive loan and risk management platform that handles large-scale, complex crypto loans. With the launch of Embedded Crypto Lending, SALT is bringing this technology to other platforms, helping them continue their mission of bringing new and innovative products to their customers.

“We built our direct-to-consumer lending business with the integrated model in mind from the beginning,” said SALT CEO Justin English. “From native crypto wallets and exchanges to large neobanks and traditional financial institutions, market participants are increasingly determined to digitize their platforms to meet the ever-growing demand for crypto, and we are excited to help facilitate the transformation.”

By partnering with Cion Digital, which recently announced a collaboration with CarNow and its network of nearly 5,000 dealerships, car buyers will be able to use their crypto as collateral for point-of-sale loans at highly competitive rates. Car buyers will also be able to use crypto to make a down payment or pay for a vehicle in full.

“Cion Digital is thrilled to partner with SALT to offer our extensive network of resellers the ability to activate this exciting new point-of-sale financing option, which is often a lower cost loan than traditional financing options” , said Fred Brothers, president. and co-founder of Cion Digital. “With nearly half of Millennials now owning crypto, we are working together to increase dealership capabilities for this rapidly growing market of buyers who want more financing and payment options at the dealership.”

With Cion Digital becoming its first official partner, SALT is already seeing an increase in demand for its in-app crypto lending service and plans to announce more partners in the near future.

Visit SALT’s Embedded Crypto Lending page or contact [email protected] to learn more.

Automotive dealers interested in learning more about this new point-of-sale financing option should contact Cion Digital at [email protected]

About SALT

Founded in 2016 and based in Denver, SALT is the pioneer in crypto lending. SALT’s mission is to create and enable simple, familiar, and new crypto financial products that increase access to financial opportunity and give consumers more control over their ability to generate long-term wealth.

SALT’s crypto lending products allow its users to seamlessly access credit on their crypto wallets, while the company’s integrated B2B crypto lending service allows third-party platforms to offer these products to their users. . For more information visit www.saltlending.com or follow us on Twitter, Facebook and Medium

About Cion Digital

Cion Digital’s proprietary Blockchain Orchestration Platform enables institutions to quickly build innovative financial solutions and seamlessly connect their legacy systems to the complex and ever-changing world of decentralized finance.

Cion Digital has built the ultimate crypto dealership platform connecting car dealerships and lenders with a new era of car buyers to offer cryptocurrency payments and loans.

For more information visit us at https://www.ciondigital.com

CONTACT: Media Contact 
SALT 
Kendra Staggs
media -at- saltlending.com         

Business Inquiries
SALT
Jarrett Abraham
partnerships (at) saltlending.com

Media Contact 
Cion Digital 
Michele McDermott-Fox
michele -at- thetopflooragency.com

Business Inquiries
Cion Digital
James Donatell
info (at) ciondigital.com

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