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Floki launches debit card in Europe

Floki launches debit card in Europe

Grafa2024/12/10 02:40
By: Mahathir Bayena
FLOKI-2.89%

FLOKI has rolled out its debit card across 31 European countries, enabling users to spend cryptocurrencies at merchants that accept Visa or Mastercard.

This launch marks FLOKI's evolution from a meme coin to a utility-focused cryptocurrency, highlighting its expanding ecosystem.

The card offers zero transaction fees, including for currency conversions, ensuring cost-effective usage for everyday crypto payments.

Multi-chain support allows users to fund their cards using Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Tether (CRYPTO:USDT), USDC (CRYPTO:USDC), and more, with additional cryptocurrencies to be added.

Users can opt for either a physical or virtual card, providing flexibility to suit various preferences and needs.

The physical debit card is available for a one-time fee of €32 plus shipping, while the virtual card costs €10 globally.

Both options require a 2% top-up fee when loading the card with crypto assets.

While the physical card is initially limited to Europe, the virtual card is accessible worldwide, barring regions restricted by OFAC sanctions or issuing banks.

FLOKI’s native token, FLOKI, has achieved a 652% YTD gain, with projections of an additional 700% increase potentially pushing its price to $0.0023 by March 2025.

Trading at $0.0002456, FLOKI has experienced an 8% rise in the past week, with a market cap of $2.32 billion and a 24-hour trading volume surge of 157% to $1.51 billion.

FLOKI's token burn strategy has eliminated over 103 billion tokens in the past year, reducing the circulating supply and driving demand.

A community-approved initiative will burn an additional 15.2 billion tokens, strengthening the token’s deflationary approach.

The ecosystem’s Total Value Locked (TVL) has shown substantial growth, boosting investor confidence and market sentiment.

With the launch of its debit card, FLOKI has solidified its position in the crypto payments space, offering practical applications and enhancing the project’s real-world utility.

Athe time of reporting, FLOKI price was $0.0002402.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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