Floki, in collaboration with Mastercard, has unveiled a groundbreaking debit card that enables seamless spending of cryptocurrencies in 31 European countries. The card, available in both physical and virtual formats, supports eight blockchains and can be loaded with FLOKI and 12 other cryptocurrencies.

The Floki Debit Card allows users to spend cryptocurrencies like Bitcoin, Ether, and Tether, alongside lesser-known tokens such as Hamster Kombat and The Open Network. With a daily spending limit of 5,000 Tether, the card is free of transaction fees but comes with a 2% top-up charge and one-time setup fees. Virtual gift cards are available worldwide, making it a versatile choice for crypto enthusiasts.

Floki first announced plans for the debit card in March as part of its ambitious roadmap. The project is backed by a passionate community, often referred to as “Vikings,” and named after Elon Musk’s Shiba Inu. Currently, Floki boasts a $2.63 billion market cap with a supply of 9.67 trillion coins. The Floki ecosystem operates on Ethereum and the BNB Smart Chain, with its Valhalla gaming metaverse expected to launch in early 2025.

This launch highlights Mastercard’s expanding footprint in the crypto payments space. Earlier initiatives included partnerships with Crypto.com for a Gulf region debit card and Bulgarian platform Nexo for a European credit card. Similarly, Visa has inked deals with FV Bank and the Avalanche Foundation to offer crypto debit cards, reinforcing the growing integration of cryptocurrencies in traditional finance.

The Floki Debit Card’s introduction marks a new milestone in the crypto payment sector, signaling increased adoption and utility for digital assets in everyday transactions.