Thread by @XMaximist

A gem that took short-the-banks a bit too seriously & beat them at their own game? @ScallopOfficial 💳

A regulated #Crypto bank connecting TradFi & DeFi, making the shift to #DeFi easier (& more accessible) than ever.

Here’s all the reasons I think $SCLP may be king this year🧵

Defi offers many advantages that can't be found in TradFi, but lets be real - it comes with its own caveats.

When someone is not #cryptocurrency or tech savvy, they have a big learning curve when using these protocols deployed on various scattered blockchains.

@ScallopOfficial's unique DeFi-TradFi hybrid approach revolutionizes people's experience with finance!

Scallop Earn allows you to earn yields from #DeFi pools in just a few clicks without making the process complicated.

And what Scallop offers is not limited to this.

The protocol was built to basically do away with complicated payment systems.

With Scallop, you can easily send and receive both crypto and cash from one single account - making life simpler and more convenient.

🔹 Buy & Sell NFTs & Tokens:

Imagine buying and selling #NFTs and UniSwap tokens from your banking app; this is possible thanks to Scallop's NFT marketplace and #Uniswap integration.

🔹 Use your #cryptocurrency for payments:

Use your Scallop debit card and pay for anything using your crypto; in the end, who would not want to buy food for their dog using $DOGE right? 😜

https://twitter.com/ScallopOfficial/status/1646118465575481344?s=20

It's clear, that by connecting capital and usage in TradFi with DeFi, @ScallopOfficial has cemented itslef as a legacy protocol in the finacial world.

(By the way, Scallop is fully licensed by the EU, & funds within it are insured up to $100M - I love that!)

If all of that is not enough, @ScallopOfficial has its own #L2 supported by zkrollups created with the vision to be used for banking activities!

What makes Scallop Chain extremely unique is it has KYC & AML module included in the consensus mechanism at the protocol level.

While in a normal #blockchain project it's not the best to have KYC modules, for a bank it's a must for security.
@ScallopOfficial approach of integrating #DeFi features into a user-friendly banking app is smart as it eliminates the need to force users to adopt DeFi protocols.

Currently, $SCLP is less than 1/10th of the Nexo token's market cap and $SCLP can easily do +10X, in my opinion.

If you liked this thread, and want to see more, let me know down below! Always happy to share my findings with my community!

And as always, this is #NFA - #DYOR !