Lead developer B of Floki stated that the platform’s creators intend to provide customers with a regulated digital banking account that they may finance with (FLOKI) tokens that exchange in dollars, euros, and sterling.
The move is a part of a larger strategy to launch staking services and debit cards, which will help the dog-themed meme coin grow into a legitimate enterprise that provides consumers with a cryptocurrency-based financial application.
In a Telegram post, B stated, “We will introduce Floki-powered Bank Accounts in partnership with a fintech company.” “A major partner licenced in four major jurisdictions—Canada, Spain, Dominica, Australia, and the United Arab Emirates—will facilitate these accounts.”
Digital bank accounts and debit cards associated with these accounts can be created by users, according to B. It will be possible for users to transact and transfer money internationally by supporting payments over the SWIFT international banking network and SEPA IBANs.
Both the Mastercard and VISA payment networks will accept the debit card. The major watchdog in Switzerland, the Swiss Financial Market Supervisory Authority (FINMA), oversees a corporation located in the country that will work with us to issue the cards.
Statistics indicates that FLOKI coins have dropped 6.7% in the last day, outpacing the overall market decline.
Floki was initially a meme coin project and has attempted to change its image in recent years by focusing on projects ranging from gaming applications to artificial intelligence. Floki is modelled after the popular Shiba Inu dog breed, which has inspired popular tokens such as dogecoin (DOGE) and shiba inu (SHIB).