Floki, in partnership with Mastercard, has launched a new debit card available in physical and virtual formats across 31 European countries, with plans for global expansion.
The card supports eight blockchains and can be funded with FLOKI and other cryptocurrencies, including Bitcoin, Ethereum, and Tether, with more assets to be added.
Virtual gift cards are available worldwide, extending Floki's accessibility.
The card stands out with zero transaction and currency conversion fees, making it an attractive option for crypto holders seeking cost-effective spending solutions.
The physical card is priced at €32 plus shipping, while the virtual card costs €10.
Both versions require a 2% top-up fee and have a daily spending limit of 5,000 Tether.
This initiative is part of Floki's broader strategy to transition from a meme coin to a utility-driven cryptocurrency.
The debit card integrates seamlessly with the Floki ecosystem, which operates on Ethereum and BNB Smart Chain networks.
Floki's community, known as Vikings, eagerly anticipates further developments, including the launch of the Valhalla gaming metaverse mainnet in early 2025, following delays.
Named after Elon Musk's dog, Floki continues to leverage its brand and active community to expand its utility offerings, positioning itself as a versatile player in the crypto space.
FLOKI has experienced impressive growth in 2024, boasting a year-to-date (YTD) gain of 652%.
A key factor influencing its future price trajectory is the project's aggressive token burn strategy.
Over the past year, more than 103 billion tokens have been burned, significantly reducing the circulating supply.
This deflationary approach, combined with rising demand driven by new initiatives like the Floki debit card, positions the token for potential price appreciation.
The project’s total value locked (TVL) has also seen notable growth, reflecting increasing user confidence and adoption within the ecosystem.
The momentum is bolstered by a community-approved plan to burn an additional 15.2 billion tokens, further tightening supply.
As of now, FLOKI is trading at $0.0002395, marking a 5.7% increase over the past week despite a 6.97% dip in the last 24 hours.
The token’s market cap stands at $2.29 billion, with a staggering 205.99% surge in 24-hour trading volume, reaching $1.69 billion, according to CoinMarketCap.
With robust community support and strategic initiatives, Floki continues to strengthen its position in the crypto market.
Coinbase will suspend trading of meme coins Floki, Turbo, and Gigachad for New York users starting April 14, 2025, following a routine asset review. The reasons for the suspension remain unclear, but speculation points to regulatory challenges in New York.
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NulltxNulltxNulltxNulltxNulltxNulltxAs part of the sponsorship deal with Napoli FC, the Floki Inu logo will appear on the back of the team's jerseys and on LED signs at the team's home stadium.
CointelegraphThe new campaign spanning buses and train stations across the city comes only a few weeks after regulators banned the previous ads from marketing run Floki Inu conducted in 2021.
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