COCA Secures Strategic Investment from Stellar and FunFair

COCA.xyz, a pioneering non-custodial payments app, has completed a strategic funding round driven by the Stellar Development Foundation, with FunFair Ventures participating. This investment aims to catalyze COCA's mission to simplify stablecoin payment processes, making them secure and accessible globally. Having already amassed over 1 million users, COCA is set to further enhance its offerings by integrating seamlessly with the Stellar network. This integration facilitates the use of stablecoins at over 80 million merchant locations worldwide through COCA's non-custodial Visa debit cards and IBANs. The investment bolsters COCA's existing collaborations, especially with MoneyGram and Soroban smart contracts, and underscores its focus on secure, frictionless transactions with features like MPC security, zero-fee swaps, and cashback in crypto. COCA's user-centric approach is poised to drive mass adoption of stablecoin payments, transforming digital financial interactions by addressing accessibility and security concerns in traditional systems.