Monday, March 12, 2007

What is E-gold

E-goldMany people still don't know what is E-Gold, this post will tell them what is E-gold and how does it works.
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.

Other e-metals are also issued: e-silver is 100% backed by silver, e-platinum is 100% backed by platinum, and e-palladium is 100% backed by palladium. However, the most popular e-metal is e-gold. 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.

Most of the people use E-gold because they gets the following benefits :
  • Immediate payment no waiting for checks to clear or credits to be made.

  • No chargebacks "Get paid, stay paid" unlike credit card payments.

  • Secure, user friendly access to your account.

  • Easy shopping cart interface anyone can accept e-gold on their web site.

  • Low fees lower than credit cards or competing payment services.

  • Refer accounts, make money using the e-gold Incentive program.

  • Buy or sell e-gold from/to the independent exchange service who best meets your needs.

  • Exchange provider guidelines start your own exchange business today.

  • Available Worldwide the world's first truly global payment option.

  • System announcements including upgrades, any scheduled downtime, and important events.

Click Here to get an e-gold account now.

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