What is Scallop?
Scallop is a fully regulated neo-bank that combines traditional banking services with the crypto space, offering a comprehensive solution for both. Our innovative technology enables users to seamlessly spend and transact using their crypto or fiat currencies through a single debit card. Alongside traditional bank accounts and FX services, we provide a complete banking and crypto ecosystem for retail and institutional clients. Our mission is to drive the digitalization of banking and become a global leader in facilitating real-world crypto payments. We aim to bridge the gap between decentralised and traditional finance by offering a cutting-edge fintech ecosystem that securely manages crypto and fiat currencies in one place, catering to everyday users and non-crypto enthusiasts' needs.
It's digital money, simplified.
Scallop Banking Accounts - GBP/EUR banking accounts for daily use
Scallop Cards - Virtual and physical debit cards for accounts
Scallop Multi-currency Wallets - 150+ Multi-currency fiat wallets to store and spend
Scallop Chain - The world’s first regulated chain
Scallop FX & Remittance - Convert fiat to 150 currencies and send instantly or via SWIFT
Scallop Ramp - A venue to convert crypto/DeFi tokens to fiat, and vice versa
Scallop Pay - Send fiat to anyone, anywhere in the world using crypto
Scallop Business - Accept payments easily worldwide and get fast access to your funds
How Scallop works
Scallop is uniquely placed amongst its competitors, providing an integrated and simple solution that allows users to benefit from the innovations of the digital money ecosystem without the complications. Scallop is the first service provider that allows users to instantly convert their Cryptocurrencies through their Scallop bank accounts and spend the converted funds directly in either traditional or online marketplaces. This is a unique service that other banking service providers do not address and is a world first. No other application from our competitors currently provides the breadth of services or accessibility of Scallop. Being the first offers Scallop a significant advantage over the competition in becoming the dominant player in the market.
Scallop is the first service provider that allows users to instantly convert their Cryptocurrencies through their Scallop bank accounts and spend the converted funds directly in either traditional or online marketplaces
Scallop will be powered by its token SCLP which is a utility token based on the Binance Smart Chain (BSC) network. BSC was chosen because of its ability to integrate with the vast Defi ecosystem.
SCLP is a utility token built on the Binance Smart Chain (BSC) and is a BEP20 token
Some use cases for the SCLP token:
- 1.To pay Exchange/transaction fee
- 2.To pay Monthly management fee
- 3.To pay Institutional management fee
- 4.To pay Bank transfer fee
- 5.To pay Loading & Unloading Fee
- 6.ATM fee
- 7.To pay Token hosting fees