Coro Global 's gold payment app Coro was granted a money transmitter license for New Hampshire and Oklahoma, making the app now available in 20 states in the U.S.

The new licenses authorize Coro to transmit currency, monetary value, or payment instruments within New Hampshire and Oklahoma.

To obtain a license approval, Coro Global was required to implement a compliance program and develop an advanced AML/KYC onboarding and monitoring system for anti-money laundering compliance.

The Coro app allows customers to securely exchange, send and save gold and dollars. Coro customers will always be buying real gold. The gold balance in users' digital wallets will always be matched by physical gold held in a secure safe, insured and verified by Dillon Gage, a leader in previous metals.

To date, the company is only onboarding customers in the 20 states it has been licensed in, but has plans to travel the rest of the country in the new year.

Coro's parent company Coro Global is a Miami-based fintech that wanted a more sustainable financial system using gold. Coro has the infrastructure and tools to enable anyone to use gold in place of the currencies used today.

"Gold it's the oldest and most resilient money we'll ever know," J. Mark Goode, CEO of Coro Global Inc. said in the release. "The company thinks that Coro can empower people to take control of their financial futures by allowing them to save and spend in gold as well as using gold as money, rather than fiat currencies such as the U.S. dollar which are prone to devaluation."