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E-Currency:
E-Gold
E-gold is an electronic currency, issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage.
E-gold is integrated into an account based payment system that empowers people to use gold as money. Specifically, the e-gold payment system enables people to Spend specified weights of gold to other e-gold accounts.
Only the ownership changes - the gold in the treasury grade vault stays put.
The power of the e-gold Spend...
All financial value will migrate to cyberspace over the next few years. e-gold is ready so that you can be too.
e-gold is borderless -
e-gold may be Spent to any other e-gold account anywhere in the world via the e-gold shopping cart interface (SCI), the e-gold Account Manager, or web enabled mobile phone.
e-gold is quick -
e-gold payments clear instantaneously (with no chargeback risk), no matter how large the payment, no matter how far apart the Spender and Recipient.
e-gold is cost effective -
* Spending e-gold is free, even if your recipient is on the other side of the world.
* Recipient transaction fees range from substantially smaller to orders of magnitude smaller than those of credit cards and bank wire transfers, no matter how large (or small) the payment.
* The e-gold Agio fee, which recovers bullion storage costs, passes on economies of scale normally only enjoyed by very large holders of bullion.
benefits all users of money
The target market for e-gold is simply people who use money. How do you presently use money? Chances are any of these activities would benefit from the increased soundness, security, efficiency, and lower cost of e-gold. Here are some examples of how e-gold is presently used:
e-commerce
Business-to-business payments
Point of service sales
Person-to-person payments
Payroll
Bill payments
Charitable donations
Monetary base of the AUG* economy
* AUG is an abbreviation for the currency unit "grams of gold".
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