Floki Launches Crypto Debit Card in 31 European Countries with Mastercard Partnership

Floki in collaboration with Mastercard, launched a crypto debit card that will be available in 31 European countries. This new offering aims to make cryptocurrency spending as seamless as using traditional fiat currencies.

A Global Leap for Floki

Floki’s debit card now is live in key European markets, including France, Germany, Spain, and Italy. The card comes in both physical and virtual forms, making it accessible to users across the globe. While the physical card is limited to European countries for now, the virtual card can be used worldwide, providing a broader reach for Floki’s users.

Here are the key features:

Multi-Blockchain Support

One of the key features of the Floki debit card is its support for multiple blockchains. Users can fund their cards with several popular cryptocurrencies, including Floki’s native token (FLOKI), Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). The card currently supports eight different blockchain networks, with plans to add more in the future. 

No Transaction Fees

A standout feature of the Floki debit card is its fee structure—or rather, the lack of fees. Users will not incur any charges for regular transactions or currency conversions. This might make it appealing for those who want to use their cryptocurrencies for everyday purchases without worrying about additional costs eating into their holdings. 

Physical and Virtual Card Options

Floki offers two types of cards: a physical card and a virtual card. The physical card is available for a one-time fee of €32, plus shipping costs, while the virtual card can be obtained for just €10. Both types of cards require a small 2% top-up fee whenever they are loaded with cryptocurrency. This fee is a one-time charge each time the card is funded.

The physical card will gradually be rolled out to additional countries beyond Europe, further expanding its availability. In contrast, the virtual card is already accessible to users globally, making it an ideal option for crypto enthusiasts everywhere.

Global Expansion Plans

While the physical card is currently available in Europe, Floki has plans to expand its reach to other regions in the near future. 

Floki’s token has seen impressive growth this year, with a year-to-date gain of 652%. Floki’s ongoing development, including its new debit card offering, plays a crucial role in driving its future price action.

In addition to this, the project has been actively burning its tokens to reduce the total supply. Over the past year, more than 103 billion Floki tokens have been burned, which is expected to have a positive effect on the token’s value.