Floki (FLOKI), the memecoin project, introduced its zero-fee debit card on Monday, initially available in 31 European countries, with plans to expand to more regions soon. The card allows users to spend cryptocurrencies, including bitcoin (BTC), ether (ETH), USD Coin (USDC), tether (USDT), BNB Chain’s BNB, and FLOKI, at any merchant accepting VISA or Mastercard. It features zero transaction and exchange rate fees and is compatible with over eight blockchain networks.
A physical card is priced at $33, while a virtual card costs just over $10. A 2% fee applies when transferring tokens to the spending account linked to the card.
Floki’s lead developer, “B,” shared with CoinDesk via Telegram that the card offers an easy way for FLOKI holders to directly spend their tokens at millions of global merchants without the usual conversion hassles. Additionally, a VIP card will soon be introduced, with higher spending limits of up to $50,000 per day and $250,000 per month.
The cards will not be available in regions subject to U.S. Office of Foreign Assets Control (OFAC) sanctions or where banking restrictions apply.
The debit card is currently available in countries including Austria, Belgium, Cyprus, Croatia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and Switzerland.
