COCA has unveiled the world’s first Multi-Party Computation (MPC) wallet accompanied by a non-custodial debit card. This new release comes in partnership with Web3 money app Wirex.

COCA is hopeful that this product will mark a significant step forward, combining 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, represents a potentially big moment in how security and convenience are perceived in digital finance.

COCA hope to simplify the transition between cryptocurrency and traditional spending

This collaboration between COCA and Wirex brings forth several exciting features and benefits. This includes the goal of making global Crypto spending easy. Users can spend cryptocurrency at over 40 million merchants worldwide. COCA enables direct crypto transactions without the need for preloading.

There will also be dual card options. Catering to needs, COCA offers both virtual and physical card formats, ensuring a seamless fit into various lifestyles. COCA promises a fee-free experience, eliminating monthly and foreign exchange charges and enhancing financial freedom.

Additionally, users can withdraw up to $200 globally without incurring any fees, easing international transactions. An upcoming integrated IBAN feature will enable users to easily conduct Euro transactions and access banking services, further bridging the gap between digital and traditional banking. The product is aimed at simplifying the transition between cryptocurrency and traditional spending.

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By GlobalData

Pavel Matveev, CEO and Co-founder of Wirex, expressed his enthusiasm for the announcement. He said: “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.”

COCA and Wirex hope the partnership will be a significant development in the fintech landscape, bringing together advanced security and practical features to create a user experience that is both secure and functional.