What is Scallop?
Last updated
Last updated
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.
Our Whitepaper is available to view
Scallop Banking Accounts - 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
Scallop will be available in the App Store and Google Play soon! You can join the waitlist and be the first to receive your free Scallop debit card on launch
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.
Some use cases for the SCLP token:
To pay Exchange/transaction fee
To pay Monthly management fee
To pay Institutional management fee
To pay Bank transfer fee
To pay Loading & Unloading FeeÂŹ
ATM fee
To pay Token hosting fees
