[Floki developers plan to set up regulated bank accounts in the next token value capture]
The Floki development team is working to provide a regulated digital bank account that users can fund with FLOKI tokens and conduct transactions in USD, EUR and GBP. The program also includes the issuance of charge cards and mortgage services, and accounts will be processed through authorized partners in Canada, Spain, the Dominican Republic, Australia and the United Arab Emirates.
This is an important step in pivoting the dog-themed token towards providing users with cryptocurrency-based financial applications. Users can create a digital bank account and obtain a related charge card, supporting global transactions and transfers via SWIFT and SEPA IBANs. The charge cards will be used on the VISA and Mastercard payment networks and are issued by a Swiss company regulated by the country's top regulator, FINMA.
Although the FLOKI token has fallen 6.7% in the past 24 hours, outpacing the decline of the broader market, the Floki token, which started out as a meme coin project, is trying to change its image by focusing on projects ranging from gaming applications to artificial intelligence, following the Trails of Shiba Inu and Dogecoin.
