Floki and Mastercard launch 13-crypto debit card across 31 European countries
Floki and Mastercard launch 13-crypto debit card across 31 European countries
Floki, a rapidly growing cryptocurrency firm, has partnered with Mastercard to introduce a debit card that enables users to spend 13 cryptocurrencies. Available in both physical and virtual forms, the card can be used across 31 European countries, including members of the European Union and the European Free Trade Association. Virtual gift cards will also be accessible globally.
The Floki Debit Card supports major cryptocurrencies such as Bitcoin, Ethereum, and Tether, as well as niche tokens like Floki Inu, named after Elon Musk’s dog. Users can fund the card via eight blockchain networks, with a daily spending limit of $5,000 in Tether (USDT). While there are no transaction fees, a 2% top-up charge and one-time setup fees apply.
A growing ecosystem and Market presence
Floki’s entry into the payment card market aligns with its strategy to expand its ecosystem, which includes the upcoming Valhalla gaming metaverse, set to launch in early 2025. The cryptocurrency boasts a market capitalization of $2.63 billion and a total supply of 9.67 trillion coins. Its ecosystem is built on Ethereum and the BNB Smart Chain.
The card's launch marks a significant milestone in Floki’s roadmap, initially announced in March 2023. The project has a dedicated community of supporters, known as “Vikings,” who have fueled its popularity.
Floki’s partnership with Mastercard adds to the growing trend of crypto-powered payment cards issued by major financial players. Mastercard has recently collaborated with Crypto.com, Nexo, and the 1inch Network to expand similar offerings globally. Visa is also active in this space, working with FV Bank and the Avalanche Foundation on cryptocurrency-enabled debit cards.
These developments highlight the increasing integration of cryptocurrencies into mainstream payment systems, offering users more flexibility while solidifying crypto’s role in the financial landscape.
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