Author: Derek Andersen, CoinTelegraph; Compiler: Tao Zhu, Golden Finance
Floki and Mastercard have launched a debit card that will be available in 31 European countries in both physical and virtual form. The card supports eight blockchains and can be topped up with FLOKI and other cryptocurrencies.
A card that can be used with 13 cryptocurrencies
Floki debit cards are available in 31 countries, corresponding to the EU and EFTA member states. Virtual gift cards can be used worldwide. The cards are issued in conjunction with Mastercard and can be used anywhere Visa and Mastercard are accepted.
There are no transaction fees, but there is a 2% top-up fee. There is also a one-time setup fee. The daily limit is 5,000 Tether.
The card can be topped up using Floki, Bitcoin, Ethereum, Tether, (USDT, EURT, XAUT), Circle, BNB, SOL, DOGS, HMSTR, TON, NOT.
Floki announced its intention to issue a debit card in March as one of the first elements of its roadmap. The cryptocurrency, named after Elon Musk’s dog, has an active community of supporters who call themselves Vikings. It has a market cap of $2.63 billion and a total supply of 9.67 trillion tokens.
Floki’s flagship Valhalla game Metaverse mainnet is expected to launch in Q1 2025 after multiple delays. Its ecosystem is based on the Ethereum and BNB Smart Chain networks.
Visa, Mastercard and the World of Cryptocurrency
The Floki debit card joins a growing group of cryptocurrency payment cards backed by the so-called Visa-Mastercard “duopoly.”
Mastercard launched a debit card in the GCC region in early December in partnership with exchange Crypto.com, and a credit card in Europe in August 2023 with Bulgarian decentralized lending platform Nexo.
Source: Floki
Mastercard, Baanx and decentralized finance company 1inch Network also launched cryptocurrency debit cards in Europe in April. Decentralized finance wallet MetaMask also issued payment cards in Europe with Baanx and Mastercard.
Visa recently reached an agreement with Puerto Rico-based FV Bank fintech company and Avalanche Foundation to issue debit cards.