| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
25 |
| Employees |
2 |
| Revenues (TTM) (Millions $) |
0 |
| Net Income (TTM) (Millions $) |
-5 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Coro Global Inc
We have developed and commenced commercializing a financial technology product, CORO which uses advanced distributed ledger technology for improved security, speed, and reliability. CORO is a global money transmitter that allows customers to send, receive, and exchange currencies faster, cheaper and more securely, initially consisting of the ability to send, receive and exchange U.S. dollars and gold.
We believe CORO is the world’s first global payment application that includes gold, the oldest and most trusted money. CORO technology facilitates money transmission and exchange with faster speeds, better security, and lower costs than existing options in the marketplace. An important component of the CORO payment system is our Financial Crime Risk Management (FCRM) solution. We have developed our FCRM platform, with integrated Anti-Money Laundering / Know Your Customer on boarding and transaction monitoring to provide a fully integrated compliance solution for CORO’s compliance department. The solution meets the rigorous demands of government regulators, while supporting our customers. The FCRM technology has been completed and is incorporated within the CORO mobile payment system.
CORO is a mobile application that allows customers to send and receive USD or XAU. CORO operates on a private permission network which increases the level of security and compliance.
In order to use CORO, customers are required to pass an identity verification and stringent anti-money laundering/know-your customer check, to prevent bad actors from joining and assist in ensuring regulatory compliance. Our FCRM platform will manage on boarding, screening and monitoring of CORO’s customers.
CORO provides its customers with the benefits of speed, security, transparency, and ease of use, as well as the opportunity to transact in dollars or gold on the fastest distributed ledger technology (DLT) on the market.
We believe CORO is solving the following two important problems:
The ability to send and receive currency faster, cheaper, more securely and across borders with ease. Current fees for sending payments from one country to another are in the double digits as a percentage of the amount being sent. CORO aims to lower the price of sending and receiving money, dramatically opening up financial services to a wider audience.
The ability to use gold as money has not existed in decades. Much like physical cash is disappearing because it became inconvenient to use in modern transactions, physical gold is also not convenient for everyday transactions. We believe CORO will solve this by allowing customers to send and receive gold as money. As a registered money service business and licensed money transmitter, Coro Corp. (the Company’s wholly owned subsidiary) will be required to maintain custody accounts for U.S. dollars (USD) and gold (XAU) on behalf of its customers.
CORO’s distributed ledger tracks and records the movements of gold and USD between the users and increases the integrity of the system. The CORO users’ gold ownership is recorded on the ledger, which enhances the cyber security protecting the users’ account information and improves the ability to audit and demonstrate title of the users’ gold with the gold vaulting custodian. Both sender and receiver must enroll and complete an AML/KYC process to become users of the CORO app.
To send USD, a user transmits from within the app to any other users of the CORO app.
Company Address: 78 SW 7th Street Miami 33130 FL
Company Phone Number: 806-2676 Stock Exchange / Ticker: HLAB
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