Scallop, the regulated finance layer behind the $EMYC ecosystem, has officially secured its US Money Services Business (MSB) license, marking a major milestone in crypto-fiat integration. With this approval, Scallop becomes one of the very few crypto-native apps able to offer multi-currency fiat accounts, crypto wallets, and Visa/Mastercard cards to users across the United States and 160+ countries, without restrictions.
The Scallop App combines traditional banking tools with Web3 functionality in one seamless experience:
- Multi-currency IBAN accounts
- Crypto swap, buy and sell tools
- Visa debit cards with staking-based tiers
- Crypto credit cards powered by Mastercard
$EMYC, Scallop’s native utility token, is deeply embedded across the ecosystem, used for gas fees, tier upgrades, and revenue-backed buybacks. The app launch will drive further utility through staking-based card levels, unlocking cashback, spending limits, and premium card options.
For developers and businesses, Scallop also offers an SDK allowing plug-and-play integration of Scallop’s services including cards, FX, crypto ramps, and compliance infrastructure into any fintech or Web3 product, leveraging Scallop’s licensing across all covered regions.
This isn’t just another app launch. It’s a regulatory greenlight to bring fully compliant crypto-finance tools to the global market, starting with the US.
→ Join the waitlist for early access to the Scallop App
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