CORO, a U.S.-based gold payment app, announced on Wednesday it has received a Money Transmitter license by the State of Oregon. Founded in 2018, Coro states it has created a new financial payment system that where gold to be used as a currency in everyday transaction and allows customers to send and receive global payments and exchange currency.
J. Mark Goode, CEO of Coro Global Inc., spoke about the service by stating:
“As families continue to face unexpected adversities, people need to have an easy and secure access to resilient money. That’s why we created CORO, which combines gold – the oldest and the most resilient form of money humanity has ever known, with the world’s most advanced and secure payment technology.”
Coro’s Chief Compliance Officer Lorenzo Delzoppo added:
“We consider our customers’ security and data safety to be a top priority, not an afterthought. Even before developing CORO’s financial technology, we developed the strongest possible compliance program and regulatory framework to ensure compliant and secure operations on a continuous basis.”
Coro also noted that thehe approved Oregon license authorizes it to transmit currency, monetary value, or payment instruments within the State of Oregon, as well as from Oregon to other jurisdictions.