One such ship’s company that is aiming to disrupt the traditional trust diligence is Scallop – ‘ the universe ’ randomness first gear DeFi powered neo-bank ’. Scallop combines traditional deposit accounts with DeFi capabilities in a one-stop solution that bridges the two worlds in concert .
A Brief Introduction to Scallop
What separates Scallop from other neobanks and DeFi platforms is its have – Scallop Pay – that directly allows users to make payments using cryptocurrencies. It eliminates the long-winded and dearly-won process of converting digital assets to fiat currencies and brings cryptocurrency further into the mainstream .
Scallop provides an on/off ramp for seamless substitute between crypto to fiat currencies and frailty versa using the Scallop Exchange. The company besides offers virtual or physical cards that work like debit/credit cards, which provide traditional banking services using cryptocurrencies, such as receiving salaries, setting up aim debits and sending or receiving external money transfers.
Scallop ’ mho token, $ SCLP, will empower its entire bank ecosystem and it will soon go be on the Ethereum net .
$SCLP – the token of the future!
$ SCLP is an ERC 20 utility token which is the primary coil medium of transaction in the Scallop ecosystem. The keepsake is built on the Ethereum network to leverage its scalability, helping to expand the DeFi functionality of Scallop .
It can be used to pay fees such as exchange and transaction, institutional management, bank transportation, top-up account, and wallet fees. $ SCLP is besides used for receiving rewards and trade bonuses.
Users will be able to benefit from institutional offers and discounts by networks by making payments with the $ SCLP mint. Scallop besides offers a 1 % discount on travel offers if users use the token for foreign transactions .
$ SCLP is the universal nominal in the Scallop ecosystem, which will be used for rewards and payments. The platform has incentivised the use of tokens by offering several rewards such as “ Crypto Back ”, Institutional Offers, Travel Offers, and Business Rewards.
$ SCLP empowers the earth ’ mho first neobank by acting as the elementary transaction method for all its services. It will have applications in all ten-spot “ X ” products offered by Scallop – Scallop Earn, Scallop NFT, Scallop Banking Accounts, Scallop Cards, Scallop Pay, Scallop Multi-Currency Wallets, Scallop Money Transfer, Scallop Exchange, Scallop Cold Wallet, and Scallop Chain .
Scallop has changed the way people interact with Fintech and DeFi, with $ SCLP at the vanguard. It offers a high level of security, complete transparency, and alone rewards with all the traditional banking services. Scallop is a timely solution in a world that is shifting towards digital payments. The SCLP token is expected to launch prior to the Scallop chopine, which is scheduled for September 2021, according to the company ’ randomness roadmap .