Home CryptocurrencyAltcoin Floki Inu roadmap reveals plans for regulated bank accounts

Floki Inu roadmap reveals plans for regulated bank accounts

by SuperiorInvest

The development team behind dog-themed memecoin Floki Inu has unveiled its 2024 roadmap, revealing several upcoming features and utility-focused initiatives. This includes regulated digital bank accounts, which allow users to create and fund bank accounts using FLOKI tokens.

The roadmap also mentions an integration with the Venus decentralized finance (DeFi) protocol, the introduction of the Floki debit card, and the upcoming launch of the Valhalla mainnet.

By partnering with an undisclosed licensed fintech company operating in strategic locations such as Canada, Spain, Dominica, Australia and the United Arab Emirates, these digital bank accounts will facilitate SWIFT payments and international bank account numbers from the single area of payments in euros (SEPA IBAN).

Source: Floki Inu

Additionally, the upcoming introduction of Floki debit cards will allow people to connect their digital bank accounts with debit cards, offering a convenient and secure method to use their FLOKI tokens for transactions in traditional currencies such as the euro (EUR) and the dollar. American (USD). .

According to the proposal, the initiative aims to extend traditional banking services to a broader user base by allowing them to use their FLOKI tokens, thereby improving the utility and adoption of cryptocurrencies.

Subject to governance ratification, Floki Inu intends to list its native token, FLOKI, on the Venus Core Pool. This effort is designed to improve liquidity, similar to established cryptocurrencies, allowing FLOKI holders to leverage their tokens as collateral to borrow various assets such as Maker (DAI), Circle's USDC stablecoin, BNB (BNB), and Ether (ETH).

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Through the direct integration of Venus Markets into Floki's user interface (UI), the protocol ensures seamless access to the platform's liquidity, effectively integrating Floki deeper into the decentralized financial ecosystem.

Floki Inu intends to launch a cross-chain trading bot on Telegram and Discord, powered by the FLOKI token. It allows users to exchange cryptocurrencies across major blockchain networks. Notably, half of the fees generated will be used to buy and burn FLOKI tokens, improving their functionality and supporting a deflationary approach.

Finally, the long-awaited release of Valhalla, Floki Inu's flagship metaverse and utility game, will take place on the mainnet. Valhalla on mainnet will include chain gaming features, a PlayToEarn system, customizable NFTs, and an expansive open-world environment.

In January, the Hong Kong Securities and Futures Commission (SFC) warned the public about the “Floki Staking Program” and the “TokenFi Staking Program.” The SFC noted that these products provide staking services and promise annualized returns of 30% to more than 100%. Despite this, they lack authorization for public sale in Hong Kong.

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