COCA

COCA Wallet is designed to let users hold crypto, use a banking-style account and spend through a card from the same app. The banking account supports top-ups by IBAN/SEPA transfer, card payment and supported stablecoins. Users can then spend through COCA’s virtual or physical card, add the card to Apple Pay or Google Pay and use it where cards are accepted, subject to regional availability.

The product also includes crypto account functions. COCA’s product documentation says users can manage, buy, send, receive and swap more than 350 coins and tokens across 14 blockchains. Its card documentation says crypto can be used to fund card spending, with conversion handled in the background.

COCA presents its model as different from a traditional bank because the user’s money is held in a wallet rather than on COCA’s balance sheet. The app supplies a bank-like interface, while funds remain in a smart wallet controlled by the user. When a card payment is made, COCA describes the payment flow as an authorisation for a specific amount and merchant rather than open access to the full wallet balance.

COCA describes the wallet as non-custodial, meaning users are meant to keep control of their funds rather than transferring custody to COCA. The website says COCA uses Multi-Party Computation (MPC) cryptography to avoid common seed phrase and private-key handling issues. COCA’s MPC article describes a two-part key structure, with one shard generated on COCA infrastructure and another on the user’s device, so a complete private key is not stored in one place.

COCA also refers to Privy as part of its non-custodial wallet and authentication infrastructure. In that model, users do not manage a traditional seed phrase, while wallet actions still require user authorisation. The same documentation states that Privy does not have custody of funds, COCA cannot move user funds by itself and wallet actions require approval.

The wallet also uses smart wallet features for user controls. COCA’s documentation says users can set limits, permissions and spending controls, and that payments can be approved in a way that avoids manual blockchain steps each time. This is designed to support blockchain payments through a banking-style interface while keeping user control over funds.

COCA is mainly used as a membership and utility token inside the COCA app. The token’s documentation says users lock COCA to unlock tiers, access features and take part in governance. The same section states that staking in COCA is not presented as lending tokens for yield, but as locking tokens to hold a membership level.

COCA is also linked to governance. The governance documentation says token holders can take part in decisions that affect the wallet’s direction. COCA’s public documentation does not specify the exact voting process, voting weight or scope of live governance beyond the general role assigned to token holders.

COCA materials also describe the token as part of transaction fee management through a Universal Gas Token model. This feature is meant to help users pay network fees without needing to hold the native coin of each blockchain used in the wallet.

The token is also tied to user benefits in the app. COCA documentation links token balances or locked COCA to tiered access, higher cashback rates, higher APY balance limits, subscription rebates and support levels. The benefit available to a user depends on the tier and the amount of COCA staked.

COCA uses a tier model in which users stake COCA to access higher membership levels. The current membership documentation lists six tiers: Starter, Standard, Standard+, Premium, Premium+ and Elite. Starter requires no staked COCA. Standard requires 300 COCA, Standard+ requires 1,000 COCA, Premium requires 3,000 COCA, Premium+ requires 10,000 COCA and Elite requires 30,000 COCA.

Each tier changes the user’s reward limits. The documentation lists cashback rates from 1% unlimited at Starter to 8% on the first $10,000 per month at Elite, followed by 1% after the tier’s monthly allowance is used. The same tier table links higher tiers to higher balance APY caps, more subscription rebate slots and priority support for some tiers.

COCA’s subscription benefit provides 50% cashback on selected subscription categories, subject to tier limits. Standard includes one subscription category, Standard+ and Premium include two, Premium+ includes three and Elite includes four. The listed categories include streaming, AI assistants, music and marketplaces.

COCA’s balance APY feature applies to the user’s banking account balance rather than staked COCA. The APY documentation says funds can remain spendable, withdrawable and transferable while earning. The tier terms state that staked COCA does not earn APY and is locked only to access tier-specific benefits.

Users may cancel a tier, but the terms describe a 30-day cooldown before staked COCA can be claimed back. During that period, users keep their current tier benefits, then return to Starter once the cooldown and claim process are complete. Partial unstaking is not permitted under the published tier terms.