- COCA, a vanguard in blockchain-fuelled financial innovations, has rolled out its global non-custodial physical debit card service in 50 countries.
- Propelled by an exceptional period of rapid expansion, COCA has witnessed an astonishing 102% upsurge in the second quarter, accruing 510,000 wallets in a mere six months following its debut.
OUR TAKE
COCA’s global rollout of non-custodial debit cards bridges crypto with mainstream finance, offering enhanced security, autonomy, and accessibility. Their user-centric approach, combining traditional payment functionalities with blockchain innovations, signals a significant step towards financial inclusivity and the normalisation of cryptocurrencies in daily life.
–Vicky Wu, BTW reporter
What happened
COCA, a vanguard in blockchain-fuelled financial innovations, has rolled out its non-custodial global physical debit card service in 50 countries, narrowing the divide between cryptocurrency functionality and day-to-day financial dealings.
Expanding on its triumphant virtual card and decentralised wallet provision, COCA’s novel physical cards, grounded in non-custodial tenets, confer complete dominion to users over their digital holdings, augmenting security and autonomy in fiscal administration. These cards, akin to Visa or Mastercard debit cards, facilitate global usage for online and in-person transactions, and dovetail seamlessly with mobile wallets such as Apple Pay and Google Pay. Enhanced attributes encompass cashback incentives, smooth transitions from fiat to crypto, and adaptable off-ramping alternatives.
COCA’s ecosystem also comprises a biometric identity safeguard employing facial recognition, an on-ramp aggregator for facile access to the crypto marketplace, accommodating 140 fiat currencies and 35 payment methodologies, and an impending Universal Gas Token for optimised, fee-exempt transactions through Multi-Party Computation. This manoeuvre underlines COCA’s dedication to financial inclusiveness and user-focused innovation within the digital asset panorama.
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Why it’s important
Propelled by an exceptional period of rapid expansion, COCA has witnessed an astonishing 102% upsurge in the second quarter, accruing 510,000 wallets in a mere six months following its debut. This swift ascent underscores the worldwide demand for secure, decentralised financial mechanisms and COCA’s expertise in catering to these requisites on a global scale.
“Today heralds a crucial juncture for COCA as we disseminate our groundbreaking financial solutions worldwide,” commented Pavel Matveev, the Strategy and Product Adviser at COCA. “Our physical cards embody more than merely a transactional device; they stand as a testament to our aspiration of integrating cryptocurrency into the fabric of routine expenditure. This unveiling constitutes a cardinal stride towards a future wherein monetary exchanges are devoid of boundaries, fortified with security, and wholly under the purview of the users.”
Equipped with its non-custodial physical cards, COCA stands on the precipice of transforming the cryptocurrency payment infrastructure, forging a connection between digital affluence and customary spending patterns. As the organisation advances with innovation and broadens its reach, it remains resolute in its pledge to proffer solutions that not only tackle contemporary necessities but also envisage the shifting dynamics of the financial sphere.
