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EgyptCOCA Secures Strategic Funding to Propel Global Stablecoin Payment Revolution
2 min
Emirati fintech COCA received strategic investment from Stellar Development Foundation and FunFair Ventures.
This funding boosts COCA's mission to simplify global stablecoin payments through Stellar integration.
Users benefit from secure crypto transactions without traditional banking obstacles and fees.
COCA aims to make cryptocurrency usage as seamless as using a debit card.
This move highlights a shift towards financial independence from traditional banking systems.
Since its launch only a couple of years ago in 2023, Emirati fintech firm COCA seems to be moving full steam ahead. Recently they've bagged a major strategic investment from two notable players in the crypto world—Stellar Development Foundation and FunFair Ventures—although the amount involved remains under wraps.
This significant funding marks a pivotal moment as COCA boosts its mission to simplify stablecoin payments and broaden adoption on a global scale, thanks largely to close integration with the Stellar network. In fact, over a million users have already jumped onboard since COCA entered the fintech space, benefiting from smooth, secure and hassle-free crypto transactions that do away with hefty fees, private-key headaches, and other crypto pitfalls.
COCA manages to pull off this feat by linking digital stablecoin payments to an intuitive system that lets you use debit cards and IBAN account transfers, making cryptos feel as straightforward as swiping your everyday bank card. Thanks to their partnership with Stellar, customers can pop into or visit online upwards of 80 million merchants worldwide and complete purchases without needing traditional banks or intermediaries.
The investment means that COCA now has the financial clout to rapidly expand its operations, further embedding cryptocurrencies into everyday spending. Forget the idea that paying with digital currencies is complicated—COCA is geared towards making it second nature, just like tapping your debit card during your daily coffee run.
Ultimately, all of this points toward a financial landscape increasingly liberated from the traditional banking structure. COCA aims for nothing less than genuine financial autonomy for the user, enabling flexible, secure payments driven by decentralised technologies—and they're clearly off to a flying start.
For readers here on Arageek wondering what the future of payments might look like, it's clear the landscape is changing rapidly. While the specifics of this deal haven't been shared publically just yet, it's clear that COCA is not playing around. So whether you're grabbing that falafel wrap on your next Dubai trip or shopping online in London, soon enough paying with stablecoins could become just as commonplace as pulling out the old plastic card.
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