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Author Topic: [ANN] World's First DeFi Powered Bank  (Read 133 times)
sagarbansal21 (OP)
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May 29, 2021, 11:20:33 AM
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 #1


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.

Join us:)

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Sangeetha_rathore
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May 29, 2021, 11:27:14 AM
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This is for sure revolutionary!

I am hopping on to this the moment it launches!

Good stuff!
CaVO32
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May 29, 2021, 12:02:57 PM
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@OP, you forgot to include the link of the website of this project. Only social media channels are included in your list. Also, if it has license to operate in EU and UK, does it mean that you will only accept clients from those areas? And if so, it will not be the world's first defi powered bank, unless, you will be accepting other customers from other parts of the world. After all, it is a DeFi ecosystem.
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May 29, 2021, 01:42:05 PM
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what's the Scallop Coin (SCLP) token address?
mrbanjo
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May 29, 2021, 07:55:43 PM
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@OP, you forgot to include the link of the website of this project. Only social media channels are included in your list. Also, if it has license to operate in EU and UK, does it mean that you will only accept clients from those areas? And if so, it will not be the world's first defi powered bank, unless, you will be accepting other customers from other parts of the world. After all, it is a DeFi ecosystem.

By searching on the web, this is not quite a bank in the usual sense - they have permission to work as an exchange, and then the company is registered offshore. This certainly does not mean that the project itself is fake, but what is written in the announcement is not entirely true. DeFi hype got here too.
sagarbansal21 (OP)
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May 31, 2021, 11:52:03 AM
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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.

Join us:)

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