Elon Musk’s dog inspired cryptocurrency Floki to launch a Mastercard-backed debit card, a significant step towards mainstream use. This revolutionary solution allows users to spend 13 cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Floki Inu (FLOKI), at millions of retailers worldwide.
The card is compatible with eight blockchain networks, making it available to a diverse spectrum of cryptocurrency users. One major advantage is the lack of transaction fees, which allows customers to make transactions without incurring additional expenditures. When topping up the card with cryptocurrency, there is a 2% fee.
Available in both physical and virtual formats, the physical card costs €32 plus shipping, while the virtual card costs €10. Currently, only 31 European nations offer the physical version, while the virtual version is accessible globally. The card has a daily spending limit of up to 5,000 USDT, making it a useful tool for cryptocurrency fans.
This launch is part of Floki’s larger effort to transition from its meme currency roots to a utility-focused initiative. Early 2025 will see the launch of the Valhalla gaming metaverse mainnet, which will further expand the ecosystem. Floki has burned over 103 billion tokens over the last year to reduce its circulating quantity, and a community vote will lead to the burning of an additional 15.2 billion tokens.
Floki now trades at $0.00023 and has a market capitalization of $2.2 billion. Analysts are bullish on its future, expecting a potential climb to $0.0023 by March 2025, driven by increased utility and acceptance. The launch of the debit card cements Floki’s position as a serious player in the cryptocurrency sector, providing practical solutions for everyday crypto use.
