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Floki has introduced its debit card, allowing users to utilize cryptocurrencies at retailers that accept Visa and Mastercard.
As per a recent update on Floki’s social media platforms, the debit card is offered in both physical and virtual forms, accommodating various blockchain networks and prominent cryptocurrencies.
FLOKI DEBIT CARD IS NOW AVAILABLE
The Floki Debit Card is officially operational, enabling users to utilize their crypto holdings at millions of retailers globally 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 Aims at 31 European Nations
Users can recharge the debit cards using Bitcoin, Ethereum, USDT, USDC, BNB, Solana, and Floki, with a top-up fee of 2%, while there are no transaction or exchange rate fees.
The physical card is available for 32 euros, plus shipping costs, while the virtual variant is priced at 10 euros. Both card types are accessible in 31 European nations, including France, Germany, Spain, Sweden, and others.
The company also offers virtual gift cards, which can be accessed by customers worldwide. Although physical cards are not yet available in every country, Floki intends to expand to more regions in the future.
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This service does not include OFAC-sanctioned countries and areas restricted by the issuing banks or Mastercard. The announcement indicated that users can transact with “millions of merchants worldwide that accept VISA or Mastercard” using the cards.
Avalanche Launches Visa Card for Crypto Transactions
In October, Avalanche unveiled the Avalanche Visa Card, which allows users to make payments with crypto at merchants that accept Visa. The card was initially launched in Latin America and the Caribbean, with plans for further expansion.
This card provides users with a self-custody wallet for secure asset storage and immediate spending access. It features spending alerts, the option to freeze the card if misplaced, and PIN customization to enhance user control and security.
Recently, Mastercard integrated its Multi-Token Network (MTN) with J.P. Morgan’s Kinexys Digital Payments platform to facilitate cross-border blockchain transactions. This collaboration aimed to improve transparency and settlement speed for international payments.
The MTN platform enables digital asset transactions through API connections. Its integration with Kinexys, which utilizes commercial bank money for real-time transfers, is designed to tackle operational challenges in global payments, such as time zone discrepancies.
The post Floki Launches Debit Card Supporting Crypto Payments in Europe appeared first on Cryptonews.
