COCA's Strategic Investment Aims to Accelerate Stablecoin Payment Adoption Globally
COCA Secures Funding for Stablecoin Payment Growth
In an exciting development from the world of digital finance, COCA.xyz, a pioneering non-custodial payments application, has completed a significant funding round aimed at enhancing its capabilities and driving the adoption of stablecoin payments. The funding was primarily led by the Stellar Development Foundation (SDF), with substantial participation from FunFair Ventures. This strategic investment is set to strengthen COCA's mission of making stablecoin transactions not only efficient but also accessible to users around the world.
The Rise of COCA
Since its launch a year ago, COCA has been making waves with over 1 million users already on its platform. It offers a user-centric alternative to traditional wallets, addressing common barriers such as private key risks, high transaction fees, and limited merchant acceptance. By integrating into the Stellar network, COCA enables its users to transact with stablecoins at over 80 million merchants across 200+ countries, utilizing non-custodial Visa debit cards and IBANs.
Pavel Matveev, a Product Advisor at COCA, highlighted the significance of this funding, stating, “This investment is not just financial; it’s a strategic milestone. COCA and Stellar Development Foundation share the same vision—making everyday financial services accessible.” With the support of Stellar, COCA aims to significantly scale its operations, refine its platform, and deepen its integration across the Stellar ecosystem, including collaborations with MoneyGram for global remittances and support for Soroban smart contracts.
Transforming Digital Payments
The need for seamless digital payments has never been more evident as the world moves towards cryptocurrency adoption. COCA stands at the forefront of this change by creating a straightforward, secure platform designed specifically for stablecoin usage in everyday transactions. Here’s how COCA is redefining user experiences with stablecoins:
1. Seamless Stablecoin Payments: Utilizing chemical engineering, COCA's non-custodial debit cards and IBANs facilitate stablecoin use in everyday spending while eliminating intermediaries.
2. Deep Stellar Integration: COCA plans to enhance its services by expanding connections with MoneyGram for remittance services, support for smart contracts, and new partnerships with Stellar-based projects.
3. Advanced Security Features: Incorporating MPC security (Multi-Party Computation) ensures that users' wallets are protected from private key vulnerabilities, combined with anonymous biometric backups for streamlined access.
4. Universal Gas Token (UGT): A groundbreaking feature that allows users to cover gas fees across multiple blockchains, easing the transaction process.
5. Zero-Fee Swaps and Cross-Chain Transactions: Enabling users to make stablecoin transfers without added costs, promoting accessibility.
6. Cashback Rewards in Crypto: Users benefit from cashback incentives on every transaction, enhancing the overall user experience.
With this strategic investment, COCA is geared to accelerate its growth trajectory, expand its ecosystem, and drive mass adoption of stablecoin payments. This empowers users to transact globally with unmatched ease and security.
The Future of COCA
COCA isn't just a payments app; it’s a transformative tool for users looking to navigate the digital economy seamlessly. Thanks to the decade-long vision supported by Stellar and FunFair Ventures, COCA aims to bring about a paradigm shift in how payments are made across sectors, enriching lives while making financial services more equitable.
For those looking to learn more about COCA’s offerings or to experience stablecoin transactions firsthand, visit www.coca.xyz today.
About Stellar Development Foundation
The Stellar Development Foundation (SDF) is a nonprofit organization dedicated to the development and growth of the Stellar network. Founded in 2014, SDF plays a crucial role in maintaining the network's codebase and supporting the global financial system through blockchain technology. Their aim is to unlock economic potential worldwide by providing equitable access to financial services.
About FunFair Ventures
FunFair Ventures is committed to supporting early-stage blockchain projects through strategic investments and advisory services, particularly in the gaming and blockchain sectors.
Topics Consumer Technology）
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