Navigating The Future: Floki Inu Roadmap To Regulated Bank Accounts

The folks working on Floki Inu, that dog coin everyone’s talking about, just laid out their plan for 2024. They’re adding some cool stuff, like regulated online bank accounts. With these, you can use your FLOKI coins to set up and fill your bank account.

The plan also says it’s connecting with the Venus decentralized finance (DeFi) system, bringing out the Floki debit card, and getting ready to release the Valhalla mainnet soon.

Working with a secret licensed fintech company active in Canada, Spain, Dominica, Australia, and the UAE, these online bank accounts will help you make SWIFT payments and use Single Euro Payments Area International Bank Account Numbers (SEPA IBANs).

Source: Floki Inu

Furthermore, soon you’ll be able to link your online bank account with Floki Debit Cards. This means you can easily use your FLOKI tokens to buy stuff with regular money like euros or dollars, all safe and handy.

The idea behind this move is to make banking easier for more people. Letting them spend their FLOKI tokens like regular money makes cryptocurrency more useful and popular.

If everything gets the green light from those in charge, Floki Inu plans to put its token, FLOKI, up for trading on Venus Core Pool. However, this move is meant to make buying and selling FLOKI easier, just like they do with other popular cryptocurrencies. Plus, if you’re holding FLOKI, you might be able to use it as collateral to borrow other assets, like Maker, USDC, BNB, or ETH.

FLOKI INU-Powered Bot: Cross-Chain Trading Revolution

However, Floki’s making things easier for you. They’re joining hands with Venus Markets right on their interface. So, when you’re on Floki, you’re connected to Venus Markets without fuss. This helps Floki blend even better into the world of decentralized finance.

Floki Inu plans to roll out a bot for trading on Telegram and Discord. Powered by the FLOKI token, this bot lets folks swap cryptocurrencies across different blockchains. However, What’s cool is that half of its fees will be used to buy and burn FLOKI tokens, making them more useful and supporting a plan to reduce their number.

And guess what’s coming up next? Valhalla! It’s Floki Inu’s big game and will soon hit the mainnet. Valhalla on the mainnet will let you play games right on the chain, earn while you play, tweak your NFTs the way you want, and dive into a vast open-world adventure. Exciting times ahead!

In January, the Hong Kong Securities and Futures Commission (SFC) warned people about the “Floki Staking Program” and “TokenFi Staking Program.” These programs provide staking services with returns ranging from 30% to over 100%, but Hong Kong authorities have not authorized them for public sale.

Related Reading | Argentina’s Bitcoin Boom: Highest Demand In Nearly Two Years Signals Shift

The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.

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