Electronic Currency – e-gold

e-gold, operational since 1996, is an electronic currency issued by e-gold Ltd, a Nevis corporation. It is 100% backed by gold bullion, other e-metals also had issued, e-silver, e-platinum, and e-palladium is 100% backed by silver, platinum and palladium respectively.

e-gold is integrated into an account based payment system that empowers people to use gold as money. It is accounted by weight of metal, not any national currency unit. As weight units have a precise, invariable, internationally recognized definition, and have a long history of monetary use around the world. Thus, e-gold is ideally suited for international transactions. Nowadays, e-gold is used in e-commerce, business-to-business payments, person-to-person payments, payroll, bill payments, charitable donations and other aspects.

There are some benefits for using e-gold. It is low cost of transaction fee on all transactions between e-gold customers, which the maximum fee for receiving payment is 50 cents. It costs nothing to open an e-gold account and there is no minimum balance requirement.
e-gold is borderless and it may be Spent to any other e-gold account anywhere in the world via the e-gold shopping cart interface, the e-gold Account Manager, or web enabled mobile phone.
e-gold payments clear instantaneously with no chargeback risk, no matter how large the payment or how far apart the Spender and Recipient. In addition, e-gold is 100% backed by gold bullion, it minimizes exchange risk and make the payments more safety and convenient.

There also has extraordinary governance and security. All transactions are on-line with access requiring account number, passphrase, Turing number, and IP address confirmation. Transactions also settled immediately, records are maintained on dedicted servers, data integrity is highly controlled, and all hardware and software has a strong backup and continuity program.

For more detailed information about e-gold, please visit http://www.e-gold.com/