Floki launches Debit Card in 31 European countries

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As a seasoned analyst with a decade of experience navigating the complex world of cryptocurrencies, I find myself intrigued by the Floki Debit Card announcement. Having witnessed numerous projects promising the moon only to deliver disappointments, I am cautiously optimistic about this development.

The Floki Debit Card is now available to the global community, the crypto project has announced.

As stated by the creators of Floki (FLOKI), the debit card will enable users to make payments using cryptocurrency at any store that accepts Visa or Mastercard. The physical and digital versions of these cards are set to launch in 31 European countries, which include Austria, France, Germany, Italy, Liechtenstein, and Spain.

In Europe, we’re starting to issue physical cards, but they’ll become available in additional regions over time. On the other hand, our virtual gift cards are already accessible globally. Unfortunately, these cards cannot be used in countries or regions under OFAC sanctions, as stated by Floki.

When it comes to this card’s main attributes, you can look forward to transacting without any fees for transactions, no percentage fees for exchanges, and the ability to work with multiple blockchains, starting with a total of eight different blockchain networks.

Users can refill their accounts using the original Floki token or popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and stablecoins like Tether (USDT) and USD Coin (USDC).

For those wanting to utilize the card, there’s a one-time charge of €32 (which includes shipping) for the physical version. The digital card can be obtained with a one-time payment of €10. Additionally, a 2% fee will apply for any reloads or top-ups.

This year in March, the Floki team unveiled their strategy for debit cards, staking services, and other offerings as part of their ambitious expansion plans aimed at transforming the project from a meme coin into a leading cryptocurrency ecosystem. Their objective also encompasses the eagerly awaited, though now postponed, launch of the blockchain game Valhalla within the metaverse.

The initial phase of Floki’s major utility project was pushed back to early 2025. This delay resulted in a slowdown in the growth of its native token’s price. Nevertheless, it’s important to note that this decision was made based on feedback from a security audit, which is crucial for maintaining user safety within the project.

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2024-12-09 21:38