Floki developers plan to offer regulated digital banking accounts that can be funded with FLOKI and used to trade in USD, EUR, and GBP, Coindesk reported.
Floki lead developer B stated in his telegram message that they plan to offer a regulated digital banking account that users can fund using FLOKI tokens and transacts in dollars, euros and sterling.
In his telegram message, B stated that users will be able to create digital bank accounts and create debit cards linked to these accounts and said:
“We will introduce FLOKI powered Bank Accounts in partnership with a fintech company.
“These accounts will be facilitated through a key partner licensed in four key jurisdictions: Canada, Spain, Dominica, Australia and the UAE.
With these bank accounts, payments made through the SWIFT international banking network and SEPA IBANs will be supported, allowing users to make transactions and transfer money worldwide.
The debit card will be available on both VISA and Mastercard payment networks.
“The cards will be issued in partnership with a Switzerland-based company regulated under the Swiss Financial Market Supervisory Authority (FINMA), the country's top watchdog.”
Despite this announcement, the decline in FLOKI was seen to continue. FLOKI, which has decreased by 6.3% in the last 24 hours, continues to be traded at $ 0.0002164 at the time of writing.
*This is not investment advice.
