COCA 3.0 adds EUR IBAN, 5% APY and up to 8% cashback

COCA released version 3.0, adding personal EUR IBAN accounts, SEPA transfer support, an instantly available virtual Visa card and an optional physical card while keeping users in self-custody. The update links crypto balances to euro-area banking rails without transferring custody to a third party.

Eligible USD stablecoin balances earn a real-time APY of about 5 percent. Interest accrues continuously rather than on a monthly schedule. COCA integrates the audited DeFi lender Morpho to supply yield and uses Gauntlet for risk management. There is no minimum balance and no lock-up period; funds remain available for spending and transfers while earning.

Card rewards operate through a loyalty program that requires staking $COCA tokens. Cashback starts at 1 percent for the starter tier. Standard tier users receive 3 percent on the first $1,000 per month, then 1 percent thereafter. Premium tier users get 5 percent on the first $2,500 per month, then 1 percent, and the elite tier provides 8 percent on the first $10,000 per month, then 1 percent. The program also offers 50 percent discounts on selected subscription services, capped at $70 per service per month, and hotel discounts up to 65 percent.

The app preserves user control of private keys and requires user approval for each transaction. COCA states that no third party, including the company itself, can move or freeze balances. The app continues to support spending across more than 350 tokens on 12 blockchains and applies no on-chain fees for transactions executed inside the app. The 3.0 interface separates Banking and Crypto sections and displays balance, APY and card details on a redesigned home screen.

COCA reported more than one million users worldwide by the end of 2025 and an annual recurring revenue run rate of $3.2 million reached in under 12 months. The company reported average quarterly card payment volume growth of 248 percent and monthly active users up 694 percent since mid-2025. The app holds a 4.9-star rating on both iOS and Android and received an industry software wallet award in 2025.

COCA positions the release for people paid in crypto who need fiat rails, freelancers and remote workers who receive digital assets as income, residents of high-inflation countries seeking stable value, and users who prefer noncustodial accounts over custodial neobanks. Planned additions include USD accounts with ACH support and peer-to-peer card-to-card transfers for U.S. users.

The COCA app is available on iOS and Android. New users must complete identity verification to activate a virtual Visa card, then top up with crypto, bank transfer or card to begin using banking and spending features. Physical cards can be ordered from within the app and loyalty tier upgrades are available by staking $COCA tokens.