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Floki Memecoin Reveals Debit Card for Global Crypto Spending
12/10/2024 03:55
The Floki debit card will be available on physical and virtual options and enable users to transact with 0% fees on more than 8 blockchains.
Key Notes
- The Floki debit card adds to the rising utility of the Floki memecoin amid the ongoing altseason.
- The Floki ecosystem has grown to more than $54 million in total value locked (TVL).
Floki FLOKI $0.00026 24h volatility: 0.7% Market cap: $2.48 B Vol. 24h: $1.56 B , a dog-themed utility-based memecoin listed on major cryptocurrency exchanges, has achieved a major milestone towards enabling the mainstream adoption of digital assets. According to an X post earlier today, the Floki debit card is officially live to enable users to spend crypto assets across millions of merchants globally.
Key Features of the Floki Debit Card
Notably, Floki memecoin partnered with Visa Inc. (NYSE: V) and Mastercard Inc. (NYSE: MA) to facilitate the release of the Floki debit card. The Floki debit card will be available in both the physical and virtual card options.
For the physical card option, Floki network will charge the users a one-time fee of €32 and the cost for shipping. The virtual option for the Floki debit card will incur the user a one-time fee of €10. Additionally, the Floki network will charge the debit card holders a top-up fee of about 2 percent.
The Floki debit card will support more than eight blockchain networks including Ethereum, Solana, BNB Chain, and Bitcoin network, among others. Furthermore, the Floki debit card holders can fund their cards directly with FLOKI, BTC $96 292 24h volatility: 3.6% Market cap: $1.91 T Vol. 24h: $122.45 B , ETH $3 746 24h volatility: 6.1% Market cap: $451.45 B Vol. 24h: $43.04 B , USDT $1.00 24h volatility: 0.2% Market cap: $137.75 B Vol. 24h: $128.07 B , USDC $1.00 24h volatility: 0.1% Market cap: $40.64 B Vol. 24h: $14.28 B , BNB $700.2 24h volatility: 5.4% Market cap: $102.15 B Vol. 24h: $2.19 B , and SOL $220.0 24h volatility: 6.7% Market cap: $104.89 B Vol. 24h: $7.81 B .
The Floki debit card will not charge users for transaction fees or exchange rate fees apart from the blockchain transaction payment. As a result, more users from all over the world can request the card to seamlessly adopt the cryptocurrency industry.
The physical and virtual cards are currently available in 32 European countries, with more nations expected to be integrated soon. However, the Floki debit card will not be available to countries sanctioned by the Office of Foreign Assets Control (OFAC).
Additionally, the card will not be available to regions restricted by the issuing banks or Mastercard.
Market Impact
The Floki memecoin has grown to a mid-cap altcoin, with more than $2.7 billion in fully diluted valuation and over $1.4 billion in daily average traded volume. The Floki memecoin has deep liquidity on major DEXes and is already listed on top-tier CEXes including Binance, Gemini, and Coinbase Global Inc. (NASDAQ: COIN), among others.
The Floki ecosystem has grown to include the TokenFi for tokenization, Valhalla game, staking program, FlokiFi DeFi, FlokiPlaces NFT Marketplace, University of Floki, Floki Trading Bot, and Name Service.
As a result, the Floki ecosystem has registered more than $54 million in total value locked (TVL) with its treasury boasting more than $10 million.
The launch of the Floki debit card coincides with ongoing altseason, thus expected to fuel bullish sentiment. The memecoin had surged over 23 percent in the past seven days to trade about $0.00027 at the time of this writing.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
