Coco Wallet
Coco Wallet is a mobile-first digital dollar wallet that enables users to send, receive, and save in USDT and USDC stablecoins without needing a bank account. The app supports instant fee-free wallet transfers, remittances to Venezuela via pago móvil or bank transfer, and local service payments. Available on iOS and Android with a 4.7 app store rating, it functions as a global dollar account for unbanked and underbanked users.
- Financial Technology
- Blockchain & Cryptocurrency
- Software Only
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Traditional banking infrastructure limits access to dollar-denominated accounts for people in Venezuela and other regions, forcing reliance on volatile local currencies and costly, slow remittance channels. Sending money across borders often involves high fees, long wait times, and dependence on bank accounts that many users do not have.
Solution
Coco Wallet provides a mobile-first digital dollar wallet that enables users to send, receive, and save in USDT and USDC stablecoins without needing a bank account. The app supports instant wallet-to-wallet transfers with no fees, remittances to Venezuela via mobile payment or bank transfer, and local service payments directly from the app. Users can swap between USDC and USDT, convert bolívares into USDT from any Venezuelan bank, and access competitive exchange rates for cross-border transfers. The platform functions as a global dollar account, giving users a stable store of value and a practical payment tool regardless of their location or banking status.
Target Audience
Primary users are Venezuelans and diaspora communities who need a stable dollar account for savings, remittances, and bill payments without relying on traditional banks.
Features
- Instant, fee-free wallet-to-wallet transfers in USDT and USDC
- Remittance routes to Venezuela via pago móvil or bank transfer from the US, Europe, Chile, Colombia, Spain, and other countries
- In-app payment of Venezuelan local services without queues
- USDC-to-USDT swap functionality within the app
- Bolívar top-up feature that converts local currency into USDT from any Venezuelan bank
- Available on iOS and Android with a 4.7 app store rating