Coro Global Inc. announced its subsidiary Coro Corp. has been granted a Money Transmitter (“MT”) license by the State of Arizona’s Department of Financial Institutions.
The license furthers the Miami-based fintech company’s goal of creating a financial ecosystem in which gold can be used as easily as fiat currencies in everyday transactions. The CORO mobile app will allow users to buy and exchange gold as a currency, as well as send it to other users, faster, cheaper, and more securely than other payment apps.
Arizona has the unique advantage of being one of a growing number of U.S. states to accept gold as legal tender. Coro Global Inc. believes in the power of gold – the world’s oldest and most trusted form of money – to bring stability back into the financial system. That’s why the company believes its app will democratize access to the precious metal, enabling ordinary people across the United States to seamlessly tap into digital gold and redeem it as physical bullion at any time.