State Bank of Mauritius Launches Lending Pilot With Blockchain Startup

State Bank of Mauritius Launches Lending Pilot With Blockchain Startup

A commercial bank in Mauritius has inked a deal with blockchain lending startup SALT to test the use of digital assets as collateral for loans. The "exploratory" deal between the State Bank of Mauritius (SBM) and SALT, which offers a platform allowing users to borrow against their cryptocurrency holdings, will see the bank testing that specific application. The development represents the latest step in a wider effort to make Mauritius – an island nation in the Indian Ocean with an estimated population of 1.2 million people – a hub for blockchain startups. That goal, advanced by local officials this […]