MIAMI--(BUSINESS WIRE)--Coro Global Inc. (OTCQB:CGLO) today announced its subsidiary Coro Corp. has been granted a Money Transmitter license in three new states over the past week, as it continues to spread accessibility to its gold payment app across the country.
Residents of Georgia, Rhode Island and South Dakota will now have access to CORO - a payment app that allows customers to exchange, send and save gold and U.S. dollars easily and securely.
Georgia was hit particularly hard by COVID-19, being home to 5 of the 10 U.S. counties with the highest mortality rates. The Company believes that the state has high levels of economic inequality, and Georgian residents will have high expectations of the next government when it comes to rebuilding the economy and employment.
“With CORO, we hope to enable anyone to take control of their financial future by allowing them to save in gold and use gold as money,” said J. Mark Goode, CEO of Coro Global Inc. “We are extremely excited to start onboarding customers in these three new states.”
Gold is the world’s oldest and most resilient form of money, and has historically survived through periods of economic turmoil.
CORO is now available in the Apple App and Google Play stores to residents of Florida, Alabama, Arizona, Arkansas, Alaska, D.C., Delaware, Georgia, Idaho, Mississippi, Montana, Massachusetts, Oregon, Rhode Island, South Carolina, South Dakota, Washington State and Wisconsin. The Company intends to release CORO in additional U.S. states over the coming months.
The new licenses authorize Coro to transmit currency, monetary value, or payment instruments within Georgia, Rhode Island and South Dakota, as well as from the states to other jurisdictions. The license approvals required implementing a rigorous compliance program and developing an advanced AML/KYC onboarding and monitoring system for anti-money laundering compliance, as well as a strict financial audit process.
Security is vital to Coro. That is why the CORO app runs on the state-of-the-art hashgraph distributed ledger technology (DLT), protecting users’ money and personal data against cyberattacks. This technology also allows Coro to operate at revolutionary speeds and at exceedingly low costs.
The gold in CORO customers’ digital wallets will always be matched by physical gold held in a secure safe, insured and verified by the world leader in precious metals trading Dillon Gage.
About Coro Global Inc.
Coro Global Inc. is a Miami, Florida-based fintech company that is creating a new financial payment system where gold can be used as money in everyday transactions as easily as fiat currencies. Coro's platform is powered by cutting-edge Distributed Ledger Technology, allowing customers to send and receive global payments and exchange currency, including gold, seamlessly and securely.
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