NEWS
COCA and Wirex unveil world ’ s first MPC wallet with non-custodial debit card
COCA , in partnership with Wirex , a leading Web3 money app , has unveiled the world ’ s first Multi-Party Computation ( MPC ) wallet accompanied by a non-custodial debit card . Aimed at simplifying the transition between cryptocurrency and traditional spending , it ’ s a product poised to redefine user experience in the FinTech sector .
This collaboration between COCA and Wirex brings forth several exciting features and benefits :
• Global crypto spending made easy : Users can now spend cryptocurrency effortlessly at over 40 million merchants worldwide . COCA enables direct crypto transactions without the need for preloading .
• Dual card options : Catering to diverse needs , COCA offers both virtual and physical card formats , ensuring a seamless fit into various lifestyles .
• Zero fee policy : COCA guarantees a fee-free experience , eliminating monthly and foreign exchange charges and enhancing financial freedom .
• Fee-free ATM withdrawals : Users can withdraw up to US $ 200 globally without incurring any fees , easing international transactions .
• Integrated IBAN ( Coming Soon ): The upcoming feature will enable users to easily conduct Euro transactions and access banking services , further bridging the gap between digital and traditional banking .
Pavel Matveev , CEO and Co-founder of Wirex , said : “ Wirex has always been committed to pioneering on-chain interactions . Collaborating with COCA to introduce this advanced non-custodial card technology is a stride towards our vision . This partnership is a big step in changing how we think about finance , blending the best of digital and traditional approaches .”
Collaboration addresses accelerating demand for modern retirement technology among UK SMEs
Smart Pension , one of the UK ’ s leading workplace pension providers , and Mercer , a global consulting and investments leader and a business of Marsh McLennan , has launched a new pension solution to meet the accelerating demand for modern retirement technology among the UK ’ s 5.5 million smalland mid-sized enterprises ( SMEs ). The new offering , Mercer Smart Pension , brings the Smart Pension Master Trust , underpinned by Smart Pension ’ s award-winning digital-first technology platform , Keystone , together with Mercer ’ s market-leading investment capabilities , governance support and retirement services .
For many UK businesses and their employees , size , affordability and access to technology are significant barriers when it comes to pension provision and related employee benefits . Mercer Smart Pension can assist employers who seek to enhance the financial security , long-term planning and personal well-being for a wide range of UK workers . It levels the playing field , offering the same benefits that employees in larger companies enjoy , as well as the first-class technology they would expect from an e-commerce app or digital bank .
“ Speaking to SMBs and their employees , we heard frustration from many clients who were not positioned to benefit from the tools , support and investment research larger employers can access ,” said Phil Parkinson , Head of Wealth and Investments at Mercer .
“ Knowing Smart Pension ’ s digital and FinTech credentials , we recognised an opportunity to bridge this crucial gap . Mercer has combined the strength of its global investment research , experience in delivering global DC [ defined contribution ] products and consulting , with a FinTech solution from Smart Pension to provide a low-cost , feature-rich pension and benefits platform for a largely overlooked section of the UK economy .” www . intelligentfin . tech
7