COCA vs Gnosis Pay

Both cards keep your funds in a wallet you control. The implementation differs.

COCA uses a smart contract wallet powered by Privy (ERC-4337/EIP-7702) with biometric recovery. Multi-asset: USDC, USDT, ETH, BTC. Visa debit issued by Wirex. 0% FX on direct stablecoin pairs (EURC/EURS to EUR, USDC/USDT to USD), 1% on indirect pairs. Personal IBAN with SEPA. Apple Pay. $250/month free ATM. $30,000/month spending limit. Six tiers by COCA token wallet balance (no staking, 30-day grace period on downgrade). 54 countries across EEA, UK, APAC, LATAM, GLOBAL.

Gnosis Pay uses a Safe Smart Account on Gnosis Chain. Single asset: EURe (Monerium euro stablecoin). Visa debit issued by Monavate (FCA authorized). Personal IBAN for SEPA funding. Apple Pay. No ATM access. Five cashback tiers by GNO held (not staked, not locked). EEA and UK only.

Both are debit cards (taxable disposal on spending). Both charge $0 annual fee. Both provide personal IBAN. The key structural differences: COCA supports multiple assets and 54 countries; Gnosis Pay supports only EURe and EEA/UK.

At every tier level, COCA matches or exceeds Gnosis Pay's cashback rate. The gap widens at higher tiers: COCA Elite (8%) earns 60% more than Gnosis Pay's maximum (5%). At the free tier, both offer identical 1% cashback.

Token accessibility differs. COCA tiers require COCA tokens (available on MEXC, BitMart, and DEXs). Gnosis Pay tiers require GNO tokens (more established, available on major exchanges). GNO has deeper liquidity and longer price history. COCA is a newer token with less market depth.

Gnosis Pay's OG NFT boost (+1%) is unique. The maximum 5% rate requires both 100+ GNO and an OG NFT. Without the NFT, the maximum is 4%. The NFT is no longer mintable - holders got it from early Gnosis Pay adoption. This creates a two-tier maximum that COCA does not have.

SpendNode's COCA vs Gnosis Pay verdict on total value: COCA delivers approximately $900/year more at the comparable mid-tier level. The gap comes from three sources Gnosis Pay cannot match: 6% APY on idle stablecoins, 50% subscription rebates, and higher cashback rates. Gnosis Pay's counter-advantage is zero fees across every dimension (including subsidized gas and 0% FX on all currencies). COCA charges 0% FX only on direct stablecoin pairs and 1% on indirect, making Gnosis Pay the cleaner fee story for multi-currency spenders.

COCA's advantages:

• 6% APY on stablecoin balances (Morpho + Gauntlet) - Gnosis Pay offers no yield
• 50% off Netflix, Spotify, ChatGPT, Amazon Prime, Apple Music - Gnosis Pay offers no subscription rebates
• ATM access ($250/month free, $850/day) - Gnosis Pay has no ATM support at all
• 54 countries (EEA, UK, APAC, LATAM, GLOBAL) - Gnosis Pay serves EEA and UK only
• Multi-asset funding (USDC, USDT, ETH, BTC) - Gnosis Pay accepts only EURe
• $30,000/month spending limit - Gnosis Pay limits not publicly published

Gnosis Pay's advantages:

• Safe Smart Account ($100B+ ecosystem TVL, battle-tested governance) - the most proven self-custody infrastructure in crypto
• ENS name on physical card - a small but meaningful identity feature
• Truly zero gas fees (Gnosis Chain subsidized) - COCA may incur standard on-chain gas
• Simpler single-asset model (EURe only) - no conversion risk or multi-chain complexity
• Monavate FCA authorization - UK/EEA specific but well-regulated card issuer
• Weekly cashback payouts in GNO - consistent, predictable distribution

Choosing Gnosis Pay for multi-currency travel spending without comparing total returns. Gnosis Pay charges 0% FX on all transactions. COCA charges 0% on direct stablecoin pairs (EURC to EUR, USDC to USD) and 1% on indirect pairs - meaning a European traveler spending in non-EUR currencies from USDC pays 1% FX on COCA. A European traveler spending $3,000/month across currencies earns $1,080/year on Gnosis Pay (3%, 10 GNO) versus $1,440/year on COCA Standard+ (4%) minus up to $360/year in FX fees on indirect pairs. With COCA's APY and subscription savings factored in, COCA still delivers more total value, but the gap narrows for heavy cross-currency spenders. Gnosis Pay's 0% FX advantage is now a real differentiator for multi-currency European travel, not just architecture. How to avoid it: If your primary goal is maximizing returns from self-custodial spending in Europe, compare total annual value (cashback + APY + subscription savings minus FX costs) rather than cashback rate alone. For EURe domestic spending, COCA wins at every tier above free. For multi-currency travel, Gnosis Pay's 0% FX advantage closes the gap - especially at lower COCA tiers where 1% FX can eat into cashback.

Dismissing Gnosis Pay because COCA has higher rates, without valuing the Safe Smart Account security model. Gnosis Pay's Safe infrastructure has secured over $100 billion in total value across the ecosystem. It is the most battle-tested smart contract wallet in DeFi. COCA's Privy/ERC-4337 wallet is newer with less security history. For users with significant on-chain holdings who already use Safe for treasury management, Gnosis Pay's integration with that security model is a genuine advantage - not just marketing. The rate difference ($360-900/year) may be worth paying for users who prioritize protocol-level security assurance over incremental cashback. How to avoid it: Evaluate both the financial returns and the security architecture. If you already hold GNO and use Safe wallets, Gnosis Pay's ecosystem integration reduces friction and adds trust. If you have no GNO exposure and prioritize returns, COCA is the stronger financial choice.

For maximum returns from self-custodial spending in Europe: COCA at Standard+ (4%) or above. Higher cashback, 6% APY, subscription savings, and ATM access deliver $900+/year more value than Gnosis Pay at comparable tiers.

For DeFi purists who value Safe Smart Account security: Gnosis Pay with its battle-tested on-chain architecture, truly zero fees, and the most proven self-custody infrastructure in crypto. Ideal for existing GNO holders and Safe users.

For users outside EEA/UK: COCA is the only option between these two, serving 54 countries including APAC and LATAM.

For multi-asset spenders: COCA supports USDC, USDT, ETH, and BTC. Gnosis Pay accepts only EURe. If you hold diverse crypto assets, COCA avoids the conversion step.

Outlook: Both cards represent the future of self-custodial European finance. If Gnosis Pay expands beyond EURe to support USDC/USDT, adds APY on idle balances, or launches in more regions, it would close the feature gap. If COCA integrates with Safe or adds Safe-compatible smart account options, it would neutralize Gnosis Pay's architectural advantage. Both platforms are expanding aggressively in 2026. The ideal setup for a European DeFi user may be both: Gnosis Pay for EURe-denominated domestic spending within the Safe ecosystem, COCA for travel, subscriptions, and stablecoin yield.