COCA Unveils COCA 3.0, Expanding Its Self-Banking App With EUR Accounts, Real-Time Yield, and Non-Custodial Control

COCA has launched COCA 3.0, a significant update to its self-banking platform that integrates everyday banking tools with user-controlled fund ownership. The new version introduces personal EUR IBAN accounts for SEPA transfers, allowing users to receive payments and pay bills directly within the app, with funds earning APY immediately. A key feature is the non-custodial account model, ensuring user funds remain under their control and cannot be accessed by COCA or intermediaries. COCA 3.0 also offers real-time APY accrual on spendable balances, generated through Morpho with risk management by Gauntlet, providing returns that adapt to market conditions. The app features a redesigned interface with dedicated Banking and Crypto sections, catering to both crypto-native and mainstream users. Future updates will include instant card-to-card transfers and USD accounts with ACH functionality. The platform aims to offer a more efficient operating model than legacy banking systems by leveraging stablecoin-based payment rails and automated settlement.

(Source：BeInCrypto)