- With the introduction of Floki’s debit card, customers may now spend cryptocurrency at establishments that take Visa and Mastercard.
A recent announcement on Floki’s social media channels states that the debit card supports several blockchain networks and popular cryptocurrencies and is offered in both physical and virtual formats.
Floki Aims for 31 European Nations
When users top up their debit cards with Bitcoin, Ethereum, USDT, USDC, BNB, Solana, and Floki, there are no transaction or exchange rate fees. There is a 2% top-up fee.
The actual card costs 32 euros, including shipping, whereas the virtual card only 10 euros. 31 European nations, including France, Germany, Spain, Sweden, and others, offer both card alternatives.
Additionally, the business offers users worldwide access to virtual gift cards. Even though not all nations currently offer actual cards, Floki intends to expand into other areas in the future.
Countries sanctioned by OFAC and regions prohibited by Mastercard or issuing banks are not included in the service. Users can use the cards to pay millions of merchants globally who accept Mastercard or VISA, according to the release.
Avalanche Offers Visa Cards for Payment of Cryptocurrencies
Avalanche launched the Avalanche Visa Card in October, enabling customers to purchase with cryptocurrency at Visa-accepting businesses. With intentions to spread to other areas, the card was initially introduced in Latin America and the Caribbean.
For safe asset storage and immediate spending access, the card offers users a self-custody wallet. To improve user control and security, it has features including spending alerts, the option to freeze the card in the event that it is stolen, and customizable PINs.
In order to facilitate international blockchain transactions, Mastercard recently connected its Multi-Token Network (MTN) with J.P. Morgan’s Kinexys Digital Payments platform. Improving international payment transparency and settlement speed was the main goal of the partnership.
Through API connections, the MTN platform enables transactions involving digital assets. Time zone variations and other operational issues in international payments are intended to be addressed via its connection with Kinexys, which leverages commercial bank funds for real-time transfers.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
