Our Story

Gold is not just our past, it’s our future. Gold has the ability to stabilize the global financial system and create a more sustainable economy.

Currencies across the world fluctuate across days, minutes, and even seconds. Governments manipulate currencies in order to gain an economic advantage in the global marketplace. One of the many ways governments manipulate currencies is by printing more money, which leads to devaluation, higher costs of living and erodes people’s hard-earned savings. This is the issue with traditional currencies. Without a physical value attached, paper money throughout the world is just that – paper.

Our global economy cannot stay on its current path. It is built on the logic of continuous growth, meaning we have to double the size of the economy every 20 years just to stay afloat. It is simply unsustainable – the appetite for growth is infinite and our planet’s resources are finite. Those driving this system are a small sector of society, contributing to enormous inequality of financial opportunity. We all need an economic system we can trust.

At Coro, we believe that switching to gold is part of the solution to bring more stability, fairness and sustainability into the global financial system and beyond.

To get gold onto a payment app, we knew we needed to build trust with users from the start. And that means airtight, impenetrable technology. That’s why Coro is built on a private decentralized network called “hashgraph” – a system which is faster, nearly impossible to hack and has a higher degree of accuracy than other technologies available on the market (see further down for the techie details).

The Timeless Value of Gold

There is arguably no more valuable metal in human history than gold. From the ancient Egyptians to today, gold has maintained its place of value in society, contributing to trade and economic development across the ages. Despite modern economies leaving the gold standard behind in the aftermath of WWII, it remains one of the most sought after commodities in the world.

Gold can’t be tampered with like regular paper money. That’s why we continue to turn to it out when we seek financial security: it is the metal that humanity falls back on when other forms of money don’t work.

Thanks to Coro, you can now easily access gold as a currency that is truly stable and universally accepted.

Technology

Coro is built on a cutting-edge distributed ledger technology (DLT) (a type of data system built on a synchronized network) called hashgraph. While much of the world is familiar with a different DLT called blockchain, hashgraph ushers in a new DLT era by being faster and more secure than blockchain. Major blockchain-based networks like bitcoin and ethereum are slow, consume enormous amounts of energy, and are vulnerable to attack. Coro offers something different, something better.

Here are the technical details: hashgraph uses a mathematical approach called directed acyclic graph (DAG) that allows transactions to process in parallel, rather than linearly. This approach increases the speed at which transactions are processed, reducing errors and improving the integrity of transactions. By building Coro on cutting-edge technology, we’re able to create a payment ecosystem that is ready for the future.

Speed

With the ability to process up to 500,000 transactions per second, hashgraph is one of the fastest DLTs known to humankind. For perspective, Visa currently handles 35,000 transactions per second while Bitcoin and Ethereum are capable of processing 10. Hashgraph’s speed prepares us for the future with enormous potential.

Security

Not only is hashgraph faster than other payment networks, but it’s more secure. Hashgraph is mathematically proven to achieve the highest security standard in the world for consensus algorithms (the system powering DLTs), called asynchronous Byzantine Fault Tolerance (aBFT). This is the technical way of saying that Coro is built on one of the most secure forms of transaction technology on this planet. We purposefully designed Coro this way in order to ensure the strongest protection against cyberattacks.

Our Pricing

Be the first to get Coro and earn a chance to win 1 oz. of real gold. Claim your financial future.

Transactions

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Transactions
Creating your accountFree
Get a UK account number and sort codeFree
Get a U.S. routing and wiring numberFree
Get a European IBANFree
Convert currencies0.33%-3.56%
Exchange
TransferWise debit Mastercard®Free
Spend in currencies in your accountFree
Convert a currency using your card0.33%-3.56%
ATM withdrawals up to £200 / 30 daysFree
ATM withdrawals over £200 / 30 days2%

Exchange

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal.

Storage

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal.

Storage
Creating your accountFree
Get a UK account number and sort codeFree
Get a U.S. routing and wiring numberFree
Get a European IBANFree
Convert currencies0.33%-3.56%

Be among the first to get Coro and earn a chance to win 1 oz. of real gold.

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