Floki Inu roadmap reveals plans for regulated bank accounts

The team behind the dog-themed memecoin Floki Inu (FLOKI) has unveiled its roadmap for 2024, revealing several upcoming features and utility-focused initiatives. The plans include regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens. 

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

Teaming up with an undisclosed licensed fintech firm operating across strategic locations like Canada, Spain, Dominica, Australia and the United Arab Emirates, the digital bank accounts will facilitate Swift payments and Single Euro Payments Area International Bank Account Numbers.

In addition, the introduction of Floki debit cards will enable individuals to connect their digital bank accounts with the debit cards, allowing them to use their FLOKI tokens for transactions in traditional currencies like the euro and the United States dollar.

Subject to governance approval, Floki Inu intends to list its native token, FLOKI, on the Venus Core Pool. This is designed to enhance liquidity, allowing FLOKI holders to leverage their tokens as collateral for borrowing assets like Dai  , USD Coin, BNB and Ether.

By directly integrating Venus markets into Floki’s user interface, the protocol aims for seamless access to the platform’s liquidity, further integrating Floki deeper into the decentralized finance ecosystem.

The team also intends to launch a cross-chain trading bot on Telegram and Discord, driven by the FLOKI token, enabling users to trade cryptocurrencies across blockchain networks. Half of the generated fees will be utilized to buy and burn FLOKI tokens.

In addition, the launch of Valhalla — Floki Inu’s metaverse game — will take place on the mainnet. Valhalla will include on-chain gaming features, a pay-to-earn system, customizable nonfungible tokens and an expansive open-world environment.

In January, the Hong Kong Securities and Futures Commission  cautioned the public  about the “Floki Staking Program” and “TokenFi Staking Program.” The SFC noted that these products provide staking services, promising annualized returns from 30% to over 100%. Despite this, they lack authorization for public sale in Hong Kong.