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Sceptics keep asking the same question about blockchain: Why doesn't anyone use it? What will people do with digital assets? When do people buy products like Bitcoin? These problems are now so common that they quickly become a cure for insomnia.

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SALT, a cryptocurrencies-backed loan service, announced this week that it now accepts the cryptocurrencies Dogecoin (DOGE) as collateral, Sludgefeed reported. SALT users can now use their DOGE holdings to obtain dollar loans. SALT is understood to have backed BTC, Ethereum and Litecoin as collateral on its platform.