COCA and Wirex launch MPC wallet with non-custodial debit card

By Gloria Methri

COCA, in partnership with Wirex, a Web3 money app, has unveiled a Multi-Party Computation (MPC) wallet accompanied by a non-custodial debit card. This innovative product is designed to combine the security of MPC technology with the practicality of everyday financial tools.

The launch of the COCA non-custodial debit card, powered by Wirex’s card infrastructure, aims to simplify the transition between cryptocurrency and traditional spending.

This collaboration brings forth several exciting features and benefits such as:

• Easy global crypto spending: Users can now spend cryptocurrency effortlessly at over 40 million merchants worldwide. COCA enables direct crypto transactions without the need for preloading.
• Dual Card Options: Catering to diverse needs, COCA offers both virtual and physical card formats, ensuring a seamless fit into various lifestyles.
• Zero Fee Policy: COCA guarantees a fee-free experience, eliminating monthly and foreign exchange charges and enhancing financial freedom.
• Fee-free ATM Withdrawals: Users can withdraw up to $200 globally without incurring any fees, easing international transactions.
• Integrated IBAN: The upcoming feature will enable users to easily conduct Euro transactions and access banking services, further bridging the gap between digital and traditional banking.

Pavel Matveev, CEO and Co-founder of Wirex, expressed his enthusiasm saying, “Wirex has always been committed to pioneering on-chain interactions. Collaborating with COCA to introduce this advanced non-custodial card technology is a stride towards our vision. This partnership is a big step in changing how we think about finance, blending the best of digital and traditional approaches.”

The partnership is seen as a significant development in the FinTech landscape, bringing together advanced security and practical features to create a user experience that is both secure and seamlessly functional.