COCA has launched COCA 3.0, a major product update that brings bank-account functionality, real-time APY, and a redesigned app experience into its self-custodial finance platform. 

The release pushes COCA beyond the standard fintech model by combining day-to-day banking tools with user-controlled fund ownership inside a single mobile app. 

COCA now presents a self-banking experience built around the idea that users can spend, save, and earn without giving up control of their money.

COCA 3.0 introduces personal EUR IBAN accounts for SEPA transfers, allowing eligible users to receive salary payments, pay bills, and move funds from within the app. Funds begin earning APY as soon as they arrive. USD accounts with ACH support are coming next. The new version is now live on iOS and Android.

A key part of the launch is COCA’s non-custodial account model. User funds remain in self-custodial wallets and cannot be accessed, frozen, or moved by COCA or another intermediary without user authorization. This creates a clear distinction between COCA and both traditional neobanks and custodial crypto payment apps.

“Consumers have spent years choosing between convenience and control,” said Vasili Paulau, Chief Executive Officer at COCA. “With COCA 3.0, we are bringing together everyday banking, rewards, and yield in a format where ownership stays with the user. We see that as the next step in personal finance.”

COCA 3.0 replaces the traditional monthly rewards format with real-time APY accrual on spendable balances. APY accrues continuously, without lockups or minimum-balance requirements. Yield is generated through Morpho, with risk management by Gauntlet. Returns follow market conditions rather than temporary promotional rates.

The updated interface makes the app easier to use for both crypto-native and mainstream users. The new home screen brings balances, live APY, card access, and banking tools into one view, while the app is divided into dedicated Banking and Crypto sections. Users who prefer a more familiar experience can use COCA primarily as a banking app without engaging with the crypto side.

The next wave of updates includes instant card-to-card transfers and USD accounts with ACH functionality for users across multiple regions. The wider COCA product suite already includes a Visa card, cashback on spending, subscription rebates, hotel discounts, and crypto wallet functionality spanning hundreds of tokens across multiple blockchains.

“Stablecoin-based payment rails and automated settlement open a more efficient operating model than legacy banking systems,” said Max Holub, Head of Product at COCA. “That helps create room for stronger rewards, active balances that earn, and a user experience built around ownership from the start.”

COCA is a self-banking platform that combines a bank account, wallet functionality, cashback, and yield in a non-custodial setup. The platform allows users to spend, hold, and earn while retaining control over their funds. COCA’s ecosystem includes a Visa card, IBAN functionality, cashback programs, and app-based crypto services.

The post COCA Unveils COCA 3.0, Expanding Its Self-Banking App With EUR Accounts, Real-Time Yield, and Non-Custodial Control appeared first on BeInCrypto.

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