Scallop is a DeFi powered neobank which provides an interface between fiat and crypto. It is regulated by the FCA (Financial Conduct Authority) and has licenses to operate in both the EU and UK - giving it access to 747m customers. The payment platform has pioneered a seamless bridge between crypto and traditional fiat currencies.
Scallop utilises blockchain at its core to provide a safe and secure solution to bridge the gap. The vision is to establish an ecosystem in which cryptocurrency users can use their digital assets freely without any of the obstacles that currently hinder their adoption and usage. Scallop’s solution works by converting any virtual currency into a fiat currency of their choice in a seamless manner.
Why Scallop?
Scallop isn’t just another cryptocurrency-based service, it’s designed as a real world solution to easily move between traditional and decentralised finance, promoting digital assets in mainstream use. Scallop ties your digital wallet with banking services to bridge cryptocurrency assets with fiat currencies in a single digital environment, allowing instant seamless transactions between accounts and cold/hot wallets.
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