8 months ago
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Floki plans global payments, debit cards via regulated bank partners.
Floki, the dog-themed meme coin, has announced a new roadmap that includes offering regulated digital banking accounts and debit cards to its users. The project aims to allow users to fund their accounts using FLOKI tokens and transact in USD, EUR, and GBP.
“Users will be able to create digital bank accounts and generate debit cards linked to these accounts,” the roadmap says.
According to the roadmap published by Floki developers, the project will introduce Floki-powered bank accounts in partnership with a fintech company licensed in Canada, Spain, Dominica, Australia, and the UAE. Users will be able to create digital bank accounts denominated in EUR, USD, or GBP, and fund them with their FLOKI tokens. The accounts will support SWIFT payments and SEPA IBANs, enabling users to transact and transfer money globally.
In addition to bank accounts, Floki plans to launch debit cards on both the VISA and Mastercard payment networks. The cards will be issued in partnership with a Switzerland-based company regulated by the Swiss Financial Market Supervisory Authority (FINMA).
Floki’s developers believe that these developments are part of a broader plan to transform the meme coin into a serious project that offers users a crypto-based financial application. The roadmap also includes plans for staking services, a crypto education platform called University of Floki, and a cross-chain trading bot powered by the FLOKI token.
Floki’s integration with Venus, the largest lending protocol on the BNB chain, is expected to deepen the market liquidity available to FLOKI holders by allowing them to access more liquidity and borrow a wider range of assets using their FLOKI tokens as collateral.
The project also plans to introduce a decentralized domain name service and website hosting platform, allowing users to create their own .floki domain names and websites.
Earlier this year, Floki’s staking program came under scrutiny from the Hong Kong Securities and Futures Commission (SFC). The SFC warned users about the high annualized returns promised by Floki’s staking program, ranging from 30% to over 100%, describing them as “suspicious investment products.” In response to the SFC’s warning, Floki has blocked Hong Kong-based users from joining its staking program.
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