As part of this collaboration, Scallop will be prominently featured on Carbon’s Dapp store, expanding its reach and visibility to a wider audience. Additionally, the partnership aims to enhance the user experience by integrating a fiat onramp solution, allowing Carbon’s users to seamlessly convert fiat currency into cryptocurrency within the browser itself. This integration will provide greater accessibility and convenience for users looking to engage with Scallop’s platform.

Revolutionizing the Web3 Experience

As part of the partnership, Scallop will be featured on Carbon Browser’s Dapp store, helping to expand its user base. As a part of this collaboration, Scallop will integrate fiat on/off-ramp for the users of the Carbon browser, making it seamless to transition between traditional banking and decentralized finance.

The partnership will enable Carbon users to fully access our extensive ecosystem, allowing them to explore Scallop’s banking system and cryptocurrency exchange directly within their browsers. This eliminates the inconvenience of switching between multiple applications and websites, providing a seamless and streamlined crypto trading experience.

By combining these services into a unified platform, Carbon users will gain access to a diverse range of crypto trading features and functionalities. This collaboration sets the stage for future advancements in the blockchain industry. As both platforms collaborate to empower users and promote the widespread adoption of cryptocurrencies.

A representative from Carbon Web3 Browser commented on the partnership, stating, “We are thrilled to join forces with Scallop Crypto. Our collaboration will build on each other’s strengths to deliver a great experience, helping drive digital currencies’ mass adoption in our daily lives.”

About Carbon Browser

Carbon is the premier browser for Android devices and soon for iOS, Mac OS, and PC focused on speed, security, and privacy. By automatically blocking online ads and website trackers, Carbon ensures a secure browsing experience and protects user privacy. It addresses the issues of decentralization, slow loading speeds, and lack of privacy. By offering users crypto rewards as they browse the internet, which can be redeemed at top retailers. Carbon Browser is one of the leading web browsing solutions, with over 5 million downloads and 1million monthly active users.

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About Scallop

Scallop is a fully regulated neo-bank that combines traditional banking services with the crypto space. Offering a comprehensive solution for both. Its innovative technology enables users to seamlessly spend and transact using their crypto or fiat currencies through a single debit card. Alongside traditional bank accounts and FX services, they provide a complete banking and crypto ecosystem for retail and institutional clients. Our mission is to drive the digitalization of banking and become a global leader in facilitating real-world crypto payments. They aim to bridge the gap between decentralized and traditional finance by offering a cutting-edge fintech ecosystem. That securely manages crypto and fiat currencies in one place, catering to everyday users and non-crypto enthusiasts’ needs.

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Scallop uses a membership system with different levels of staking requirements — an efficient staking mechanism ensuring the system runs smoothly. Scallop’s proof-of-stake (PoS) blockchain also requires staking for full participation. Businesses can access liquidity and custody services when they stake up to $5,000 worth of Scallop tokens and become a Business account holder. As Scallop Integrates Chainlink Automation.

Chainlink Automation

• Highly reliable, performant, and decentralized automation — Ensures transactions are identified and confirmed quickly even during periods of heavy network congestion by leveraging Chainlink’s battle-tested transaction manager.
• Time-tested infrastructure that helps save costs — Enables to eliminate in-house automation infrastructure costs, reduce resources spent on DevOps, and increase speed and efficiency.
• Built to enable faster scaling — Enables to scale faster and avoid the challenges that come with building and maintaining the infrastructure needed to reliably automate across multiple chains.
• Unlocks new use cases — With smart contract automation, they’re able to explore new use cases and unlock capabilities that would otherwise not have been possible.

“Chainlink’s battle-tested oracle technology — which is highly reliable, performant, and decentralised — was the ideal solution for Scallop’s staking application. By automatically triggering staking reward payouts, Chainlink Automation helps ensure a seamless staking experience on Scallop.” — Raj Bagadi, founder and CEO, Scallop.

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About Chainlink

Chainlink is the industry-standard Web3 services platform. That has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network. Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data. And off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

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About Scallop

Scallop is a licensed & regulated banking institution offering a comprehensive suite of innovative banking products. Scallop’s next-generation products launched to approximately 1.5 billion potential customers. In the UK, EU, Canada, and UAE, where Scallop currently holds banking and crypto licenses. There are plans underway to expand into other regions soon.

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Binance Custody provides advanced cold and hot storage security and liquidity solutions that allow institutions to conveniently and safely handle digital assets.

Scallop will liaise with Binance Custody to use its highly secure cold storage service. The integration will ramp up the existing security of users’ assets. The new integration enables direct support for the $SCLP token via Binance Custody meaning that SCLP tokens will now be supported and stored in the institutional and insured cold storage facility.

“We are excited about our long-term partnership. “We’ll be leveraging Binance Custody’s capabilities in digital asset security and institutional services to bring our cutting-edge, industry-shaping products to millions of users across the UK and Europe and help them manage their finances securely.”—  Scallop CEO Raj Bagadi.

With a focus on security and insurance coverage, Binance Custody employs industry-leading secure MPC (Multi-Party Computing). Threshold signing techniques, and offline key-sharing storage, are critical components in facilitating the protection of users’ digital assets.

Transferring digital asset ownership to Binance Custody includes increased security from hackers, and malicious elements, and a delegation of authority. Users may avoid asset loss in the event of lost crypto inheritance, private passwords, or any other type of data loss or hack by sharing access with the custodian and delegating this permission.

ABOUT Binance Custody

Binance Custody is a compliant, insured, standalone digital asset custody service providing best-in-class security and liquidity solutions to institutional clients. It uses MPC technology with a customizable multi-approval scheme offering bespoke solutions that allow institutions to manage their crypto assets safely and efficiently via the Binance Custody desktop and mobile app platforms. Its core technology solution is ISO 27001/27701 and SOC 2 Type 1 certified.

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ABOUT Scallop 

Scallop Chain is a Byzantine Fault Tolerance blockchain. It has a core Know-Your-Customer (KYC) and Anti-Money Laundering (AML) module. Included in the consensus mechanism at the protocol level. Its regulated, licensed, interoperable infrastructure provides a suite of banking products. It includes unified global bank accounts with digital wallets, crypto cards, a centralized exchange, and DeFi earn accounts, among others, to empower millions of retail and business customers around the world.

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