COCA 3.0 Adds EUR IBAN, 5% APY and Up to 8% Cashback
COCA 3.0 gives crypto-paid workers a personal EUR IBAN, instant virtual Visa, real-time 5% APY on USD stablecoins and up to 8% cashback while keeping wallets self-custodial.
COCA released version 3.0, adding a personal EUR IBAN, an instantly issued virtual Visa card, real-time 5% APY on eligible USD stablecoin balances and up to 8% cashback while maintaining a self-custodial wallet model. The company said no third party, including COCA, can move or freeze funds without user approval.
The EUR IBAN enables full SEPA transfers so users can receive salary or freelance payments directly into the app, pay bills and send euros to any bank in the European Union. The virtual Visa becomes available after identity verification and users can order a physical card from the app. COCA plans to introduce USD accounts with ACH support and card-to-card transfers in future updates.
The 5% annual percentage yield applies to eligible USD stablecoin balances and accrues continuously in real time rather than in monthly installments. COCA has routed the yield through the DeFi lending protocol Morpho and said risk is monitored by Gauntlet. There is no minimum balance and no lock-up period, and balances remain available for spending and transfers while earning.
Cashback is tied to a loyalty program that requires staking $COCA tokens. The program’s structure includes a Starter level with 1% unlimited cashback; a Standard tier that pays 3% on the first $1,000 each month and 1% thereafter; a Premium tier offering 5% on the first $2,500 and 1% thereafter; and an Elite tier that gives 8% on the first $10,000 and 1% thereafter. All tiers include up to 50% cashback on selected subscription services, capped at $70 per service per month. COCA Travel offers additional hotel discounts.
COCA retains a self-custodial architecture so private keys remain with users. Existing app functionality supports spending across more than 350 tokens on 12 blockchains with no on-chain fees. Users can top up accounts by crypto transfer, bank transfer or card.
To support the rollout, COCA reported more than one million users worldwide by the end of 2025 and a $3.2 million annual recurring revenue run rate reached in under 12 months. The company reported average quarterly card payment volume growth of 248%, monthly active users up 694% since mid-2025, and a 4.9-star app rating on both iOS and Android. COCA received a software wallet award in 2025.
COCA 3.0 is intended for crypto holders who want to spend stablecoins without moving funds to custodial exchanges, freelancers and remote workers paid in digital assets, and people in high-inflation countries seeking euro banking rails. To begin, users download the app on iOS or Android, complete identity verification, activate the virtual card and fund the account. Loyalty tier upgrades require staking $COCA tokens in the app and the virtual card is available immediately; a physical card can be ordered from within the app. More information is available at coca.xyz.
