Floki has launched its debit card, enabling users to spend cryptocurrencies at merchants accepting Visa and Mastercard.
According to a recent announcement on Floki’s social media channels, the debit card is available in both physical and virtual formats, supporting multiple blockchain networks and major cryptos.
FLOKI DEBIT CARD IS NOW AVAILABLE
The Floki Debit Card is officially live, allowing users to spend their crypto assets at millions of merchants worldwide that accept VISA or Mastercard.
Key Features:
– 0% transaction fees
– 0% exchange rate fees
– Support for 8+ blockchain… pic.twitter.com/9kYSpLRXip— FLOKI (@RealFlokiInu) December 9, 2024
Floki Targets 31 European Countries
Users can top up the debit cards using Bitcoin, Ethereum, USDT, USDC, BNB, Solana, and Floki with a top-up fee of 2%, no transaction fees or exchange rate fees.
The physical card is priced at 32 euros, plus shipping, while the virtual version costs 10 euros. Both card options are available across 31 European countries including France, Germany, Spain, Sweden, etc.
The company also provides an option for virtual gift cards, accessible to customers globally. Though physical cards are not yet available in all countries, Floki plans future rollout to additional regions.
The service excludes OFAC-sanctioned countries and areas restricted by the issuing banks or Mastercard. The announcement stated that users can pay “millions of merchants worldwide that accept VISA or Mastercard” with the cards.
Avalanche Introduces Visa Card for Crypto Payment
In October, Avalanche introduced the Avalanche Visa Card, allowing users to make payments using crypto at merchants that accept Visa. The card was first launched in Latin America and the Caribbean, with plans to expand to other regions.
The card provides users with a self-custody wallet for secure storage of their assets and instant spending access. It includes features such as spending alerts, the ability to freeze the card if lost, and PIN customization to enhance user control and security.
Mastercard recently integrated its Multi-Token Network (MTN) with J.P. Morgan’s Kinexys Digital Payments platform to support cross-border blockchain transactions. The collaboration focused on enhancing transparency and settlement speed for international payments.
The MTN platform facilitates digital asset transactions through API connections. Its integration with Kinexys, which uses commercial bank money for real-time transfers, is designed to address operational challenges in global payments, such as time zone differences.
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