Sara is a Portuguese software developer. Her employer pays her salary in USDC. Every month she converts it to euros, waits two days for a bank transfer, pays conversion fees, and watches her bank earn from the float while she gets nothing back. She has crypto but no useful way to live on it.
Sara is not unusual. Over 70% of stablecoins sit unused on exchanges – not because people don’t want to spend them, but because the infrastructure to do so simply hasn’t existed.
Everyday banking has become slick, but the value users receive has stayed thin. Neobanks improved the interface. The custody model stayed the same. Customer funds sit inside company systems while savings rates hover near zero.
COCA 3.0 is built for Sara. It gives her a EUR IBAN and crypto wallet to receive her salary, a Visa card to spend it anywhere, 5% APY on her balance as it sits, and up to 8% cashback on every purchase – all without handing over custody of a single token.
What is COCA 3.0?
COCA began as a self-custodial crypto wallet paired with a non-custodial Visa debit card. Over time it added rewards, cross-border payments, and stablecoin yield. COCA 3.0 is the next step: a full banking product that adds EUR IBAN accounts, real-time APY, and a redesigned interface – all while keeping the user in control of their funds.
Where traditional banks and custodial neobanks hold your money for you, COCA’s self-custodial architecture means no third party, including COCA, can move or freeze your balance. You approve every transaction.
Is COCA credible? The numbers say yes
COCA isn’t early-stage speculation. By the end of 2025 the platform had:
• 1 million+ users worldwide
• $3.2M ARR run rate, reached in under 12 months
• Card payment volume growing 248% per quarter on average
• Monthly active users up 694% since mid-2025
• 4.9-star rating on both iOS and Android
• Best Software Wallet award at the BeInCrypto 100 Awards 2025
BeInCrypto’s own awards panel named COCA the best software wallet of the year.
How does the EUR IBAN account work?
COCA 3.0 gives every user a personal EUR IBAN, enabling full SEPA transfers. In practice this means:
• Receive salary or freelance payments directly into the app
• Pay bills via bank transfer
• Send money to any EU bank account
For users like Sara, crypto-salaried freelancers, remote workers, or anyone managing money across borders, this closes the gap between crypto income and fiat life without going through a traditional bank.
How much cashback can you earn with COCA?
Cashback tiers are tied to COCA’s loyalty program, which is staked in $COCA tokens:
• Starter tier: 1% unlimited cashback
• Standard tier: 3% on the first $1,000/month, then 1%
• Premium tier: 5% on the first $2,500/month, then 1%
• Elite tier: 8% on the first $10,000/month, then 1%
All tiers also receive 50% cashback on selected subscriptions, including Netflix, Spotify, ChatGPT, and Amazon Prime, up to $70 per service per month. COCA Travel adds hotel discounts of up to 65% on top.
How does the 5% APY on stablecoins work?
COCA 3.0 introduces real-time APY on eligible USD balances, powered by Morpho, an audited DeFi lending protocol, with risk management provided by Gauntlet, a specialist DeFi risk firm. Key points:
• APY accrues continuously, not monthly
• No minimum balance required
• No lock-up period – funds remain available for spending and transfers at all times
This is meaningfully different from bank savings or exchange-based staking, where funds are either locked or earning rates close to zero. COCA users earn while spending from the same balance.
Who is COCA 3.0 built for?
COCA 3.0 is most useful for four types of people:
• Crypto holders who want to spend stablecoins and earn yield without moving to a custodial exchange
• Freelancers and remote workers who receive digital assets as income and need real banking rails to manage daily expenses
• People in high-inflation economies who want to hold value in a more stable form while using familiar banking tools
• Anyone tired of neobanks that improve the interface but keep the same unfavorable custody and reward model
What COCA 3.0 adds to the app
The 3.0 release expands COCA into a more complete banking product:
• Personal EUR IBAN for SEPA transfers – receive salary, pay bills, send funds
• Real-time APY on eligible USD balances with no minimum or lock-up
• Redesigned home screen combining balance, APY, Visa card, and account details
• Separate Banking and Crypto sections for simpler navigation
Existing features remain: spending across 350+ tokens on 12 blockchains with zero fees, up to 8% cashback, subscription discounts, and COCA Travel.
Coming soon: USD accounts with ACH support and card-to-card transfers – extending reach across the US and enabling peer payments as simple as sending a message.
How to get started with COCA
COCA is available on iOS and Android. Getting started takes three steps:
• Download the COCA app from the App Store or Google Play
• Complete identity verification and activate your free virtual Visa card
• Top up with crypto, bank transfer, or card – and start earning immediately
The virtual card is available instantly. A physical card can be ordered from within the app. Loyalty tier upgrades (which unlock higher cashback rates) are available by staking $COCA tokens directly in the app.Learn more and download the app at coca.xyz.
The post Your Bank Earns From Your Money. COCA Pays it Back – 8% Cashback, 5% APY appeared first on BeInCrypto.
