A recent update from the FLOKI team has stirred up a notable buzz in the market. B, the project's primary developer, mentioned in an interview that the Floki team aims to introduce users to a regulated digital banking account where they can deposit (FLOKI) tokens across currencies like the dollar, euro, and pound sterling.

The lead developer revealed that this initiative is part of a larger strategy to offer users cryptocurrency-based financial applications, including bank cards and staking services, which have significantly impacted the past 30 days for the meme coin inspired by dogs. In a message shared on Telegram, B expressed the following:

"We are planning to launch Floki-supported bank accounts through a partnership with a financial technology company. These accounts will operate via a primary partner authorized in four key regions: Canada, Spain, Dominica, Australia, and the UAE."

B further added that users will have the ability to set up digital bank accounts and acquire corresponding bank cards. Payments will be facilitated through the SWIFT international banking network and SEPA IBANs, enabling users to engage in transactions and transfers globally. It was also revealed that the bank cards will be compatible with VISA and Mastercard payment networks and partnered with a Switzerland-based company regulated under the Swiss Financial Market Supervisory Authority (FINMA), a leading regulatory body in the country.

Current Floki (FLOKI) Price

At the time of these announcements, FLOKI tokens have faced a 6.7% decline within the past 24 hours, causing the price to dip to $0.0002143. This drop in price occurred more rapidly compared to other tokens in the top 20, which saw an average decrease of approximately 3.5%.

Over the last 7 days, Floki (FLOKI) also witnessed a 17% decline. However, analyzing the past 30 days, FLOKI underwent a remarkable 561% increase, outshining nearly the entire market. Following the 6% drop, FLOKI's market capitalization descended to $2 billion, while the 24-hour trading volume decreased by 35% to $786 million.