Floki, Mastercard launch 13-crypto debit card in Europe
Floki is one of a growing number of cryptocurrency startups that provide their own regional payment cards for consumers to spend cryptocurrencies.
Floki and Mastercard have launched a debit card that will be available in both physical and virtual forms in 31 European nations. The card supports eight blockchains and may be loaded with FLOKI and other cryptocurrencies.
A card to spend 13 cryptocurrencies
The Floki Debit Card is available in 31 countries, which correspond to European Union and European Free Trade Association member states. Virtual gift cards are available worldwide. The cards are issued in partnership with Mastercard and can be used anywhere Visa and Mastercard are accepted.
There are no transaction fees, but the top-up fee is 2%. There is also a one-time setup cost. It has a daily limit of 5,000 Tether USDT $1.00.
The card can be funded using Floki Inu FLOKI $0.0002365, Bitcoin BTC $96,928, Ether ETH $3,698.81, Tether coins (USDT, EURT, XAUT), Circle USDC $0.9995, BNB BNB $689.49, Solana SOL $215.51, DOGS (DOGS), Hamster Kombat (HMSTR), The Open Network TONNE $5.77, and Notcoin NOT $0.00746.
In March, Floki revealed that one of the first steps on its roadmap will be to issue a debit card. The cryptocurrency is named after Elon Musk’s dog and has a thriving community of supporters known as Vikings. Its market capitalization is $2.63 billion, with a total supply of 9.67 trillion coins.
Floki’s flagship Valhalla gaming metaverse mainnet is scheduled to open in the first quarter of 2025, following delays. Its ecosystem is built around the Ethereum and BNB Smart Chain networks.
Visa, Mastercard and the cryptoverse
The Floki Debit Card joins a growing number of cryptocurrency-powered payment cards backed by the so-called Visa-Mastercard “duopoly.” Mastercard collaborated with cryptocurrency exchange Crypto.com to launch a debit card in the Gulf Cooperation Council region in December, and credit cards will be available in Europe in August 2023 through Bulgarian decentralized lending platform Nexo.
In April, Mastercard, Baanx, and the decentralised finance business 1inch Network launched a cryptocurrency debit card in Europe. MetaMask, a decentralized finance wallet, also offers a payment card in Europe in partnership with Baanx and Mastercard. Visa has just entered into debit card agreements with FV Bank, a Puerto Rican fintech company, and the Avalanche Foundation.
Buy and sell crypto in minutes with 0.20% trading fees at Bitdenex Exchange