Wirex, a crypto exchange based out of the UK, teamed up with a company with a weird name to launch a new crypto wallet with a non-custodial debit card.

I'm gonna try and explain what that means in a second but first, I want to take a moment to break down the name of the company in question, Coca.

It's a bit weird, if you ask me. In Spanish, Italian, English, French and German, you don't need a wild imagination to associate the word Coca with, well, coca.

I found it a bit strange.

But anyway, this is the world's first MPC wallet.

MPC stands for Multi-Party Computation, meaning the keys are split between many parties using secret codes. So it's very hard to break.

As for the non-custodial debit card. Non-custodial means self-custody. It means you're in charge of the keys.

So the debit card is connected to the wallet, not the exchange, which is pretty cool.

I still think the name is weird, though.