Floridian Coro Global becomes OTCQB listed company

By Pavithra R

Coro Global, a FinTech company focused on using distributed ledger technology to facilitate global payments, including physical gold payments, has announced that the company has uplisted from OTC Pink to OTCQB.

Coro has been building its technology and pursuing Federal and State licensure in the U.S. Last year, the company’s wholly-owned operating subsidiary Coro Corp was registered as a money services business by FinCEN, a division of the U.S. Department of Treasury. On March 18, 2020, the company received its first state money transmitter license by the Florida Office of Financial Regulation. The company intends to pursue licensure throughout each state in the U.S. as well as the territory of Puerto Rico by the end of the year.

“We are proud to meet the enhanced public company requirements to be an OTCQB listed company,” said Chief Executive Officer Mark Goode.

Recently, BTSE Exchange-listed Tether Gold amid growing interest around the precious metal.

Coro Global is preparing for the release of its Coro mobile payment app and is also planning to provide Floridians with the ability to send, receive, and exchange U.S. dollars and gold. Gold has long been a trusted store of value and stability, particularly during market volatility.  The company believes that as gold continues to march towards new highs, the demand for using gold as currency in everyday transactions is escalating.

Founded in 2018, Florida-based Coro Global has created a new financial payment system where gold can be used as currency in everyday transactions as easily as fiat currencies. Its platform is powered by Distributed Ledger Technology allowing users to send and receive global payments and exchange currency, including gold.