This week, COCA, a provider of blockchain-powered financial solutions, launched physical debit cards in more than 50 countries. It’s the newest addition to a product line that already includes virtual cards and a non-custodial wallet.
COCA said the cards are designed to function without the traditional custodial barriers, ensuring that users retain full control over their digital assets. Such an approach enhances security and empowers users to manage their finances independently. The cards are usable wherever Visa and Mastercard debit cards are permitted.
Key Features of COCA’s Physical Debit Cards
Non-custodial security is powered by multi-party computation and anonymous biometrics. The cards are compatible with mobile wallets, including Apple Pay and Google Pay. They offer cash-back rewards, simplified transitions between fiat and crypto, and off-ramping options to transfer funds to bank accounts or other cards.
COCA offers anonymous biometric backup, a recovery system utilizing advanced facial recognition technology to protect user identity. An on-ramp aggregator simplifies access to crypto markets with support for 140 fiat currencies and 35 payment methods—an upcoming feature to revolutionize transaction efficiency by eliminating gas fees through MPC-powered gasless transactions.
COCA said it achieved greater than 100% growth in the second quarter as it expanded to 510,000 wallets within six months of launch.
“Today marks a pivotal moment as we extend our innovative financial solutions across the globe,” said Pavel Matveev, COCA’s strategy and product advisor. “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,” the company said. “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.”
