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Coro Global Inc. (CGLO)

Other OTC - Other OTC Delayed Price. Currency in USD
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2.7100+0.0750 (+2.85%)
At close: 2:37PM EDT
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Previous Close2.6350
Open2.7100
BidN/A x N/A
AskN/A x N/A
Day's Range2.7100 - 2.7100
52 Week Range2.0000 - 7.1000
Volume124
Avg. Volume4,617
Market Cap68.871M
Beta (5Y Monthly)4.00
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Breaking the Shackles of History: Coro to Democratize Access to Gold in Puerto Rico
    GlobeNewswire

    Breaking the Shackles of History: Coro to Democratize Access to Gold in Puerto Rico

    Miami, March 30, 2021 (GLOBE NEWSWIRE) -- Coro Global Inc. (OTCQB: CGLO) announced today that its subsidiary Coro Corp., was granted a U.S. Money Transmitter license in Puerto Rico. The company created CORO, a mobile payment app that allows anyone to exchange, send and save gold and dollars easily and securely. Coro Global is a Florida-based fintech on a mission to support people in understanding the value of using gold as resilient money. Coro democratizes access to gold aiming to lead towards better social cooperation and a more sustainable world. Coro is leveraging deep financial know-how and the new generation of distributed ledger technology (hashgraph) to build the infrastructure and tools for anyone to be able to buy gold in the smallest denominations and use it as easily as traditional currencies in their everyday lives. Puerto Rico is a very distinct place in many ways, such as being historically oppressed and as a consequence having one of the lowest per capita incomes of all US jurisdictions. As part of Coro’s mission to support people in need of financial resilience, obtaining an operating license in Puerto Rico represents a key landmark for the business. It also marks the launch of the Spanish version of the app in a territory that is primarily Spanish-speaking. (Coro is planning to start onboarding customers in Puerto Rico within approximately 90 days.) The new license authorizes Coro to transmit currency, monetary value, or payment instruments within Puerto Rico, as well as from Puerto Rico to other jurisdictions. The licensure approval 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. Coro is now licensed and onboarding residents of 27 U.S. states and the District of Columbia and intends to expand the availability of its gold payment app across the country over the course of 2021. International expansion is also in the works with Mexico and Canada next.CORO App is currently available in the Apple App and Google Play stores to residents of Alabama, Alaska, Arkansas, Arizona, Delaware, Idaho, Illinois, Iowa, Florida, Georgia, Massachusetts, Michigan, Minnesota, Mississippi, Montana, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Virginia, Washington, Washington D.C., Wisconsin. Coro Global CEO, Mr. David Dorr stated: “Coro is excited to announce the granting of yet another money transmitter license, this time in Puerto Rico. As Miami natives where there is a significant Puerto Rican population, we always wanted to rush towards empowering their community to be able to use our app to send remittances to their families at home. As we are building towards generating a positive financial change our presence in a territory like Puerto Rico is a significant landmark for many reasons: we can empower a community close to our hearts, help unshackle historical limitations, and also establish a presence in a Spanish speaking territory for the first time.” 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. Cautionary Note Regarding Forward-Looking StatementsMatters discussed in this press release contain forward-looking statements. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable law. CONTACT: PR Anna Milaeva pr@coro.global

  • Gold Rush Returns to Where it Originally Began; New Mexico grants U.S. Money Transmitter License to Coro Global’s gold payment app
    GlobeNewswire

    Gold Rush Returns to Where it Originally Began; New Mexico grants U.S. Money Transmitter License to Coro Global’s gold payment app

    Miami, March 16, 2021 (GLOBE NEWSWIRE) -- Coro Global Inc. (OTCQB: CGLO) announced today that its subsidiary Coro Corp., was granted a U.S. Money Transmitter license in the state of New Mexico. The company created CORO, a mobile payment app that allows customers to exchange, send and save gold and dollars easily and securely. https://youtu.be/xkuCQ6tAv-0 Coro Global is a Florida-based fintech on a mission to support people in understanding the value of using gold as resilient money. Coro democratizes access to gold aiming to lead towards a more sustainable world with better social cooperation. Coro is leveraging deep financial know-how and the new generation of distributed ledger technology (hashgraph) to build the infrastructure and tools for anyone to be able to buy gold in the smallest denominations and use it as easily as traditional currencies in their everyday lives. New Mexico is an important landmark for Coro as it has a very strong cultural and historical connection to gold. The first gold rush west of the Mississippi occurred in New Mexico in the 1820s, establishing New Mexico as a “treasure” state. Gold will always hold a special place for people in the area, and Coro is now democratizing access to it. The new license authorizes Coro to transmit currency, monetary value, or payment instruments within New Mexico, as well as from the state to other jurisdictions. The licensure approval 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. Coro is now licensed and onboarding residents of 26 U.S. states and the District of Columbia and intends to expand the availability of its gold payment app across the country over the course of 2021. International expansion is also in the works with Mexico and Canada next.CORO App is currently available in the Apple App and Google Play stores to residents of Alabama, Alaska, Arkansas, Arizona, Delaware, Idaho, Illinois, Iowa, Florida, Georgia, Massachusetts, Minnesota, Mississippi, Montana, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Virginia, Washington, Washington D.C., and Wisconsin. Coro Global CEO, Mr. David Dorr stated: “Coro is excited to announce the granting of yet another money transmitter license, this time in the state of New Mexico. The purchasing power of the U.S. dollar has fallen by 98% since 1913. Part of the problem is that governments can, and do, freely print currencies to stimulate economic activity, which fuels inflation. People are concerned with inflation, the falling value of the dollar, and the Federal Reserve's ongoing money issuance policy. We believe gold offers stability and a hedge against inflation. People are seeking change, and are gravitating towards an economy where gold is considered money. We are seeing clear signs of this trend as several U.S. states are declaring gold legal tender, moves which are likely to generate further interest in using gold as money which should well position our app to be a part of this powerful trend,” concluded Mr. Dorr. 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. Cautionary Note Regarding Forward-Looking StatementsMatters discussed in this press release contain forward-looking statements. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable law. CONTACT: Anna Milaeva pr@coro.global

  • GlobeNewswire

    Coro Global Announces its CORO Mobile Payment App Granted a New U.S. Money Transmitter License in Virginia

    CORO App now licensed and fully operational in over half of the United StatesMIAMI, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Coro Global Inc. (OTCQB: CGLO) (“Coro” or the “Company”), the fintech company behind the new payment app where gold can be used as money, announced today that it may now operate in 25 U.S. states and the District of Columbia. Coro’s subsidiary Coro Corp. this month was granted a Money Transmitter license in the state of Virginia, as Coro continues to spread accessibility to its gold payment app across the country. CORO is a mobile payment app that allows customers to exchange, send and save gold and dollars easily and securely. The Company is now registering and onboarding residents of 25 U.S. states and the District of Columbia and intends to expand availability of its gold payment app across the country over the course of 2021, as well as international expansion into Mexico and Canada. Coro Global is a Miami, Florida-based fintech with a mission to create a more sustainable global financial system by enabling access to the most resilient form of money: gold. Coro has been building the infrastructure and tools for anyone to be able to use gold as easily as traditional currencies in their daily lives. The new license authorizes Coro to transmit currency, monetary value, or payment instruments within Virginia, as well as from the state to other jurisdictions. The licensure approval 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. The CORO App is currently available in the Apple App and Google Play stores to residents of Alabama, Alaska, Arkansas, Arizona, Delaware, Idaho, Illinois, Iowa, Florida, Georgia, Massachusetts, Minnesota, Mississippi, Montana, New Hampshire, New Jersey, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Virginia, Washington, Washington D.C., and Wisconsin. “We are very pleased to announce today the granting of a new money transmitter license in the state of Virginia. This marks a significant milestone for Coro Global, as our CORO App is now licensed in half of the United States plus the District of Columbia. This underscores the interest and growing importance of using gold as money, as the CORO App was just launched in August 2020, and has already achieved rapid approval in 26 U.S. states and jurisdictions in just over 6 months. As the U.S. dollar’s value continues to fall, public and private bodies are seriously thinking about safeguarding some of their capital in the world’s most stable form of money - gold. The growing importance of gold is clearly evidenced by organizations such as Tesla, which announced recently that it has authorized its treasury to invest in gold, and the Idaho House of Representatives, which approved a bill that, if signed into law, could allow the state government to hold part of state funds in physical gold and silver. Furthermore, the Texas Teacher Retirement Fund owns close to $1 billion in physical gold and the Ohio Police and Fire Pension Fund, which is currently valued at more than $15 billion, recently approved a 5% allocation to gold. In times when public companies, pensions and state regulators are looking for gold as the hedge against inflation, CORO is democratizing access to gold as money for everyone,” concluded Mr. Dorr. 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. Cautionary Note Regarding Forward-Looking StatementsMatters discussed in this press release contain forward-looking statements. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable law. CONTACT: PR Craig Corbett Publicize craig@publicize.co IR Scott Powell/Lisa Gray Skyline Corporate Communications Group, LLC Phone: (646) 893-5835 Email: sbp@coro.global Email: lisa@skylineccg.com