Floki Memecoin Launches Debit Card for Global Cryptocurrency Transactions
Floki #FLOKI, a dog-themed utility-based memecoin listed on major exchanges, has launched the Floki debit card, allowing users to spend crypto assets at millions of merchants globally.
Key Features of the Floki Debit Card
Floki partnered with Visa Inc. and Mastercard Inc. for the debit card, available in physical and virtual formats. The physical card incurs a one-time fee of €32 plus shipping, while the virtual card costs €10. A top-up fee of approximately 2 percent applies to both options.
The card supports over eight blockchain networks including Ethereum, Solana, BNB Chain, and Bitcoin, allowing funding directly with FLOKI, #BTC, #ETH, #USDT, #USDC, #BNB, and #SOL.
Users will not incur transaction or exchange rate fees aside from blockchain transaction payments, facilitating broader adoption of cryptocurrency. The cards are available in 32 European countries, with plans for expansion, excluding OFAC-sanctioned regions or areas restricted by issuing banks or Mastercard.
Market Impact
Floki has evolved into a mid-cap altcoin with a fully diluted valuation exceeding $2.7 billion and an average daily trading volume over $1.4 billion. It maintains deep liquidity on major DEXes and is listed on prominent CEXes like Binance, Gemini, and Coinbase Global Inc.
The Floki ecosystem includes TokenFi for tokenization, Valhalla game, staking programs, FlokiFi DeFi, FlokiPlaces NFT Marketplace, University of Floki, Floki Trading Bot, and Name Service. The total value locked (TVL) in the ecosystem exceeds $54 million, with treasury holdings surpassing $10 million.
The launch of the Floki debit card coincides with ongoing altseason, potentially boosting bullish sentiment. The memecoin rose over 23 percent in the past week, trading at approximately $0.00027 at the time of this writing.