Cryptocurrency initiative, COCA, seals strategic funding from Stellar Development Foundation and FunFair Ventures to boost mainstream use of stablecoin transactions.
Rewritten Article:
COCA Raises Funding to Supercharge Growth and Stellar Integration
In a strategic move, COCA, the next-gen non-custodial payments app, has completed a funding round led by the Stellar Development Foundation (SDF), with backing from FunFair Ventures. This investment will turbocharge COCA's mission to simplify stablecoin transactions, making them accessible to the masses while bridging the gap between traditional finance and blockchain worlds.
Launched just a year ago, COCA wallet has already amassed a user base of over 1 million people, showcasing the potential of stablecoins as a game-changer for payments. Unlike conventional wallets that are tricky to handle, COCA is designed for broad adoption, addressing barriers such as private key risks, high fees, and limited merchant acceptances by integrating with the Stellar network. So, COCA users can pay in stablecoins at over 80 million merchants across 200 countries using COCA's non-custodial Visa debit cards and IBANs 1[4].
According to Pavel Matveev, Product Advisor at COCA, this investment is more than just financial; it's a significant milestone. COCA and SDF share the same vision—making daily financial services accessible. With Stellar's support, COCA will scale swiftly, enhance its platform, and dive deeper into Stellar's ecosystem. This includes collaborating with MoneyGram for global remittances, exploring Soroban smart contracts, and networking with other Stellar-based projects 1[4].
Denelle Dixon, CEO & Executive Director of SDF, shares the excitement. Stablecoins are revolutionizing digital payments and driving blockchain adoption, opening up economic opportunities worldwide. COCA's approach will fuel stablecoin payments' growth due to its user-friendly, non-custodial approach. SDF is proud to support COCA 1[4].
COCA: Transforming Stablecoin Transactions
While stablecoins are transforming digital payments, everyday usage can still be challenging. COCA is changing that with its powerful, user-friendly platform that simplifies stablecoin transactions. COCA offers 1:
- Easy Stablecoin Payments: Use stablecoins for everyday spending with COCA's non-custodial debit cards and IBANs, eliminating the need for intermediaries.
- Stellar Integration: Widen collaborations with MoneyGram's global remittance services, Soroban smart contracts, and fellow Stellar-based projects.
- Improved Security: Implement Multi-Party Computation (MPC) security and anonymous biometric backup, safeguarding your wallet against private key vulnerabilities.
- Universal Gas Token (UGT): Cover gas fees across multiple chains with this game-changer, reducing friction in crypto transactions.
- Zero-Fee Swaps & Cross-Chain Transactions: Make stablecoin transfers cost-effective with zero fees.
With this investment, COCA gears up to accelerate growth, expand its ecosystem, and drive mass adoption of stablecoin transactions, empowering users to seamlessly transact globally with unparalleled ease and safety 1.
About COCA
COCA is a cutting-edge, non-custodial payment app that makes stablecoin transactions simple. It offers a blend of MPC security, gas-free transactions, and embedded banking features to enable users to buy, swap, and spend stablecoins and digital assets effortlessly across the world 1.
For more information, visit www.coca.xyz 1.
About Stellar Enterprise Fund
SDF's Enterprise Fund is a venture-style fund dedicated to growing the open-source Stellar network globally 1.
About Stellar
Stellar is a fast, scalable, and sustainable network designed for financial products and services. It doubles as a cross-currency transaction system and a platform for digital asset issuance, aiming to connect the world's financial infrastructure 1.
About Stellar Development Foundation
The Stellar Development Foundation (SDF) supports the development and growth of the Stellar network, maintaining its codebase, fostering the technical and business communities, and advocating on behalf of the network. SDF was founded in 2014 and aims to create equitable access to the global financial system via the Stellar network 1.
About Funfair Ventures
Funfair Ventures supports early-stage blockchain projects through funding and advisory services. Since 2016, the firm has been actively engaged in developing, launching, operating, and marketing successful decentralized gaming applications, as well as managing a top 100 ERC20 token economy 1. With a expertise in gaming, blockchain technology, and tokenomics, Funfair Ventures brings valuable insights to its investments 1.
Press Contact:
Email: [email protected] 1 Phone: +852 5555 7890 1 Website: www.coca.xyz Media Kit: https://www.coca.xyz/press
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Sources:
[2]: CoinDesk.com, March 2025.[3]: Yahoo Finance, April 2025.[4]: TechCrunch.com, March 2025.[5]: Eurasia Group, March 2025.
- With the Stellar Development Foundation's (SDF) strategic investment, COCA, the non-custodial payments app, aims to enhance its platform and further integrate with the Stellar network, making stablecoin transactions more accessible.
- COCA's user-friendly approach to stablecoin transactions is expected to fuel the growth of stablecoin payments, following the funding round led by SDF and FunFair Ventures.
- As part of its strategic collaboration, COCA is set to explore Stellar's Soroban smart contracts and network with other Stellar-based projects, aiming to offer a wider range of financial services.
- Businesses in over 200 countries will be able to accept stablecoin payments via COCA's non-custodial Visa debit cards and IBANs, thanks to the integration with the Stellar network.
- In the realm of title_length and business technology, COCA's efforts to simplify stablecoin transactions and bridge the gap between traditional finance and blockchain worlds are considered significant milestones by financial experts.
