BroadChain News, April 27 - According to BeInCrypto, COCA has released version 3.0, integrating bank account functionality, real-time APY, and a new application experience into its non-custodial financial platform. Users can receive salaries and pay bills through a personal EUR IBAN account, with funds earning interest immediately upon arrival. USD ACH accounts are coming soon.
The core of COCA 3.0 lies in its non-custodial account model: user funds are stored in self-custodial wallets, and without authorization, neither COCA nor any intermediary can access, freeze, or transfer them. This design clearly distinguishes COCA from traditional digital banks and custodial crypto payment applications. COCA CEO Vasili Paulau stated that users have long had to choose between convenience and control, and the new version combines daily banking, rewards, and yields, with ownership always belonging to the user.
The new version replaces the traditional monthly reward model with real-time APY, with yields generated through Morpho and risk managed by Gauntlet, without lock-up periods or minimum balance requirements, and returns fluctuate with market conditions. The interface is optimized for both crypto-native and mainstream users, with the main screen centrally displaying balances, real-time APY, cards, and banking tools. The application is divided into two sections: banking and crypto.
Upcoming updates include instant card-to-card transfers and multi-region USD ACH accounts. COCA's product ecosystem already includes Visa cards, cashback on spending, subscription rebates, hotel discounts, and a wallet supporting hundreds of tokens across multiple chains. Product lead Max Holub noted that stablecoin-based payment rails and automatic settlement are more operationally efficient than traditional banking systems, enabling stronger rewards and a user-owned experience.