[ANN] Scallop: World's First DeFi Banking App

[ANN] Scallop: World's First DeFi Banking App

Giants such as PayPal and Mastercard are adapting to the digital age by offering cryptocurrencies such as Bitcoin, Ethereum and Litecoin on their networks. Paypal went a step further and recently updated their wallets to allow cryptocurrency withdrawals to third parties. Despite the financial regression caused by the global pandemic, venture capital continues to pour heavily into fintech, looking to make a mark in the payment space. We at Scallop – the ‘World’s First DeFi Powered Neobank’ (Incubated by The MahaDAO offer DeFi protocols such as Compound, Aave and dYdX (to name a few) directly on our platform, allowing seamless interaction with either fiat or cryptocurrency. Furthermore, with a Scallop Banking Account, you can access ‘Scallop Earn,’ which offers typical DeFi yields of 6-15% on savings – all from a single app. It’s not just DeFi that Scallop is bringing to the payment party. Our vision is to establish an ecosystem in which cryptocurrency users can use their digital assets freely without any obstacles that currently hinder their adoption and usage – such as the time consumption of selling your crypto to fiat ready for use in the real world. In addition, Scallop Pay allows users to purchase goods and services directly with cryptocurrency for the first time.
Our complete suite of products includes Scallop Earn, Scallop NFTs, Scallop Banking Accounts, Scallop Cards, Scallop Pay, Scallop Multi-Currency Wallets, Scallop Money Transfer, Scallop Exchange, Scallop Cold Wallet, Scallop Chain.
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