Coro Global Inc. (OTCQB: CGLO) announced an alliance with Dillon Gage, the world leader in physical precious metals trading and technology, to support the operations of its mobile payment app CORO, which allows customers to easily exchange, send and save gold as well as U.S. dollars.
CORO customers can instantly exchange U.S. dollars for gold on the app, as well as save gold and send it to other CORO customers. Customers’ gold accounts are matched by their equivalent in physical gold, which is audited and securely stored by the International Depository Services Group, a wholly-owned subsidiary of Dillon Gage.
CORO has just been released in the Apple App and Google Play stores to residents of Florida, Arizona, Arkansas, Alaska, Delaware, Idaho, Montana, Massachusetts, South Carolina, and Wisconsin. The company is planning to release CORO in additional U.S. states over the coming months.
“It’s extremely important for our customers to know that the amount of gold they see on their screen represents a tangible amount of physical gold in an independent vault,” said J. Mark Goode, CEO of Coro Global Inc. “Given today’s economic uncertainty, we support the use of gold as money, which is physical, and historically resilient.”
The security of customers’ personal data and their money has always been important to Coro and its partners. With more than 40 years of experience serving precious metals dealers, financial institutions, banks, and brokerage houses around the globe, International Depository Services Group is well positioned to insure, audit and verify all of the physical gold purchased by CORO customers.
“We believe that gold should be accessible to everyone,” said Mark Furmanek, COO of Dillon Gage. “We’re proud to bring our innovative experience to help support CORO’s mission of democratizing access to gold.”