HONG
KONG, July 11, 2024 /PRNewswire/ -- COCA, a
trailblazer in blockchain-powered financial solutions, proudly
announces the global launch of its much-anticipated physical debit
cards. This major rollout will make the cards available in over 50
countries, marking a significant milestone in COCA's mission to
seamlessly blend the utility of cryptocurrency with
everyday financial activities.
Revolutionizing Payments with Non-Custodial
Innovation
As the newest addition to COCA's suite of financial products,
the physical cards build on the success of COCA's virtual cards and
non-custodial wallet platform. These cards are designed to function
without the traditional custodial barriers, ensuring that users
retain full control over their digital assets. This approach not
only enhances security but also empowers users with the freedom to
manage their finances independently, reinforcing COCA's commitment
to innovation in the financial sector.
Key Features of COCA's Physical Debit Cards:
- Non-Custodial Security: Powered by MPC (Multi-Party
Computation) and anonymous biometrics, ensuring top-tier security
and user control.
- Global Accessibility: Usable anywhere traditional
Visa/Mastercard debit cards are accepted, both online and
in-store.
- Seamless Integration: Compatible with mobile
wallets including Apple Pay and Google Pay for added
convenience.
- Enhanced User Experience: Offers cashback rewards,
simplified transitions between fiat and crypto, and
versatile off-ramping options to transfer funds to bank accounts or
other cards.
Innovative Financial Solutions: COCA continues to
lead in the fusion of crypto and traditional finance,
offering users a comprehensive financial ecosystem that
includes:
- Anonymous Biometric Backup: A fail-safe recovery system
utilizing advanced facial recognition technology to protect user
identity.
- On-Ramp Aggregator: Simplifies access to
crypto markets with support for 140 fiat currencies
and 35 payment methods, ensuring the best market prices and
acceptance rates.
- Universal Gas Token: An upcoming feature set to
revolutionize transaction efficiency by eliminating gas fees
through MPC-powered gasless transactions.
Impressive Growth and Expanding Reach
The launch is supported by COCA's impressive growth trajectory,
with the platform achieving over 102% growth in the second quarter
alone, and rapidly expanding to 510,000 wallets within just six
months of its initial launch. This exponential growth underscores
the demand for secure, decentralized financial tools
and COCA's effectiveness in meeting these needs on a global
scale.
A Future of Borderless Financial Transactions
"Today marks a pivotal moment for COCA as we extend our
innovative financial solutions across the globe," said
Pavel Matveev, Strategy and Product
Advisor of COCA. "Our physical cards represent more than just a
payment tool; they are a testament to our vision of making
cryptocurrency a practical part of everyday spending.
This launch is a key step towards a future where financial
transactions are borderless, secure, and entirely in the users'
control."
COCA's non-custodial physical cards are set to redefine the
landscape of cryptocurrency payments, bridging the gap
between digital assets and traditional spending habits. As COCA
continues to innovate and expand, it remains dedicated to providing
solutions that not only meet current user needs but also anticipate
the future dynamics of the financial industry.
Notes to editors:
About COCA.XYZ
COCA is the world's first wallet with non-custodial debit card
that leverages Multi-Party Computation (MPC) cryptography to ensure
that your funds are safe from common risks associated with seed
phrases and private keys, setting a new standard for security in
the industry. With its non-custodial debit and virtual card, you
can seamlessly spend your stablecoins and
cryptocurrencies at over 40 million merchants across
200+ countries, all while maintaining complete control over your
funds with zero third-party risks. COCA Wallet guarantees the best
rates through our advanced routing engine, which scans and compares
prices across 17 onramps and 182 local payment methods, ensuring
optimal trading and conversion experiences.
| https://www.coca.xyz/ |
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