Floki Launches Crypto Debit Card, Here's The Important Feature!

JAKARTA - Floki (FLOKI), a dog-themed memecoin, has successfully launched a debit card that allows users to spend their digital assets on millions of merchants around the world.

This is the result of a collaboration with two international payment giants, Visa and Mastercard, which make Floki's debit card one of the major innovations in encouraging crypto adoption among the general public.

Feature Features Of Floki Debit Card

Floki's debit card is available in two options: physical and virtual. For physical cards, users will be charged one fee of 32 euros (around Rp512 thousand) plus shipping costs, while for virtual cards, the cost is cheaper, which is 10 euros (around Rp160 thousand). In addition, there is a top-up fee of 2 percent every time the user fills their card balance.

This debit card supports various popular crypto assets such as FLOKI, Bitcoin (BTC), Ethereum (ETH), USDT, USDC, BNB, and Solana (SOL), and allows users to charge the balance directly using the crypto. Interestingly, this card does not charge transaction fees or currency conversion fees, except for blockchain transaction fees.

Currently, Floki debit cards are available in 32 countries in Europe, with plans to expand to more countries. However, these cards are not available in countries sanctioned by the Office of Foreign Assets Control (OFAC) or areas limited by the publisher bank or Mastercard.

Along with the launch of this debit card, Floki's market capitalization is now worth more than US$2.7 billion (Rp43.2 trillion) and daily trading volume of more than US$1.4 billion (Rp22.4 trillion). Floki's ecosystem is also growing with the presence of various new features, including FlokiFi DeFi, gameari, and marketplace NFT FlokiPlaces.