March Update from SALT

In case you’re not a subscriber to our newsletter, we want to share some of our favorite highlights from March right here on our blog to help keep you up to date on all things SALT. Image for post

Need something new to binge watch?

Catch up on Season 2 of Worth Your SALT to see our discussions with industry leaders including Bill Barhydt, Shira Frank, David Chaum, and many more.


CoinTelegraph: French Court Moves the BTC Chess Piece — How Will Regulators Respond?

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“France is the 7th largest economy in the world by GDP, so it certainly is likely to influence other markets, especially in the EU, initially. In such a new and emerging market and technology like Bitcoin, regulators around the world do look to how other countries’ regulators are viewing cryptocurrencies. So, any ruling France makes will be closely observed by regulators worldwide.”

— Rob Odell, co-president and chief product officer, SALT

For full text article, click here.


Crypto Chat: Q&A with Dustin Hull, Co-President & CFO, SALT

Image for post As one of Cadence’s latest originator partners, we sat down with Brian Guerra of Cadence to discuss SALT’s business and how we’re able to contribute to Cadence’s efforts to give investors exposure to private credit assets linked to cryptocurrency. For full Q&A, click here.

Finance Magnates: Coronavirus & Crypto Lending: Could the Crisis Bring New Clients?

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“Crypto-backed lenders are likely faring better than other crypto businesses during the global pandemic, as they offer a way for crypto holders to get cash without having to sell their cryptoassets.”

— Rob Odell, co-president and chief product officer, SALT

For full text article, click here.


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SALT Welcomes Eric Spencer as Chief Financial Officer

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While in the past couple months we’ve expanded globally, we’ve also expanded our executive team to include its newest member and Chief Financial Officer, Eric Spencer. Eric brings more than 10 years of finance experience in the lending and real estate industries, which will enable him to build out SALT’s infrastructure by establishing key banking relationships and developing a framework for the company’s reporting process.

Prior to his role at SALT, Eric spent five years as SVP Controller for Computershare Loan Services where he oversaw the accounting, finance, treasury, billing, A/P and A/R units of the business, as well as managed seven credit facilities and coordinated “Big 4” audits. Before that he served as VP of Finance and Accounting at Broe Real Estate Services where he was responsible for all 80 real estate assets, which totaled more than $400 million in gross value. Eric also held previous finance positions at AIMCO and Capmark/GMAC.

Despite his primarily traditional financial background, Eric is an avid follower of all things blockchain and is excited for its potential even outside of the financial services industry. “There are so many interesting uses for blockchain tech and the one that stands out to me most is the concept of leveraging it for foodbanks in communities where there’s no cash or currency,” Eric shared. “Blockchain tech has the potential to fight corruption, bring greater equality to certain areas, and hopefully eventually solve some of the world’s largest problems like starvation. It’s a mind-blowing mechanism that if leveraged correctly, can make the world a better place.”

Until then, Eric is looking forward to seeing blockchain tech play a greater role in the financial services industry, especially as it relates to SALT. “I’m most excited about SALT’s growth potential and all that we’re trying to accomplish in the next 12 months,” he said. “We’re

Image for postfocused on some major goals within the organization, and I’ll be working cross-functionally to ensure we have the strategy, infrastructure, and people required to bring our vision to life.”

As Eric focuses on SALT’s goals, he says he’ll keep in mind a philosophy he’s learned from spending time on the golf course — one that will help him and his team not only achieve these goals but also enjoy the journey doing so. “Golf has taught me that sometimes it’s better to not go 120 percent but to go at an even pace,” he said. “It applies to work and life in that sometimes you find yourself working so hard that you lose sight of things, and you don’t enjoy the journey. When you go at an even pace, not only is it more fun,

but you also get better results.”

When he’s not golfing or thinking about blockchain tech, Eric enjoys riding roller coasters, playing sports with his two sons, and going to concerts with his wife (their next one is Justin Timberlake). He also reads a ton. His favorite recent read? The Big Short (pretty fitting for a CFO, right?).

Not only does Eric have an incredible financial background and a passion for life-long learning, but his leadership style has mentorship at its core — all signs of a strong leader. SALT is proud to have him on board as our CFO, and we’re are confident that between his expertise and enthusiasm, he’ll help guide us to where we want to be.

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The first card powered by your crypto,
not your credit score.

Three SALT credit cards floating