Critics call this a fools game

Over the past year, cryptocurrency-backed lending has grown very popular with organizations like Salt Lending, and Unchained Capital trying to capture a piece of this emerging industry. Projects like Salt Lending have issued millions worth of crypto-backed loans so far and the teams behind these digital currency operations believe crypto-to-cash lending is going to be a pretty big deal in the future. 

Nothing, or little is backed by this, except we can hedge central banks.  And that is enough.  crypto means remove one step in all digital transactions, make it act like paper cash.

From the merchants point of view, this is a slow game of figuring it out. They will adapt to the odd transaction intervals as we learn the game.  Then suddenly, transaction rates go up a couple of order of magnitude, we deploy escrow net, we auto price.