July
Last updated
Last updated
July has been another action-packed month at Scallop! From game-changing partnerships to announcing a new product, it’s been a whirlwind of excitement. We’ve covered it all in our latest blog — a recap of everything that went down in the world of Scallop!
During a captivating AMA session by CEO Raj Bagadi, he discussed the remarkable potential of Scallop Ramp in enabling real-world crypto usage. Imagine walking into a store, tapping your Scallop card, and just like that, your payment is made in crypto, while the merchant receives it in fiat. With Scallop Ramp, our goal is to help everyone in web3 with Scallop ramp to convert their crypto in fiat and vice versa.
In the session, Raj also shared that over the past 2.5 months, there’s been a substantial increase in the volume for all Scallop applications. The total activity surged across all platforms, culminating in a notable high point of 25 million. This growth signifies a greater adoption and usage of Scallop applications. As it stands, this trend demonstrates Scallop’s successful evolution and growing popularity among users.
Scallop is thrilled to share some exciting news! We are proud to announce our partnerships with some of the brightest projects in the industry right now. We aim to push the boundaries of traditional finance and decentralised finance (DeFi) while fostering a vibrant blockchain ecosystem.
We announced our partnership with Bullbear AI, which uses AI to predict Bull and Bear markets and help investors make investment decisions accordingly. And what better way to celebrate than with a special giveaway of $200 worth of SCLP tokens!
We also joined forces with ReserveBlockIO, a blockchain-based platform that offers a range of on-chain tools and functionalities to convert digital and physical assets into tokens. Once Scallop Ramp is launched, we will provide RBX users with a bridge between traditional finance and crypto. This partnership is a match made in heaven, and we can’t wait to see the results.
In yet another exciting collaboration, Scallop has partnered with AdLunam, a leading seedpad IDO platform for emerging cryptocurrencies. Together, we aim to bridge the gap between traditional finance and DeFi; paving the way for the growth of crypto projects.
The primary focus of these partnerships is to offer their respective communities the seamless and instant ability to convert cryptocurrencies into fiat currency for practical use in the real world.
Recently, Ran Neuner from Crypto Banter visited LA. And guess what? He used the Scallop Card for booking tickets and shopping. Tap the card, and voilà — your payment is made! We have a BTS video of him making these transactions using the Scallop Card. Watch how he did it!
Our Scallop Learn section has been buzzing with informative articles. From insights into money muling and how to prevent it, to understanding the basics of TVM (Time Value of Money) for making better investment decisions — we’ve got you covered. Stay informed and make sound financial choices with our in-depth guides!
So, that was all for this edition of Keeping Up With Scallop. Join us as we shape the future of finance, one step at a time. With Scallop by your side, the possibilities are limitless. Stay tuned for more updates and exciting developments! See you next month!
