e-gold

Overview
e-gold is a payment system that is accounted by the weight of gold, and is not connected to any other international currency such as US Dollars or Euros. e-gold Limited is part of the Nevis Corporation and provides an innovative form of payment that is always backed by gold bullion that are found in storage.

Why Use e-gold?

Weight as a Precise Definition: Using the weight of gold as a precise definition for international transactions means that there can be no discrepancy or misunderstandings that may arise when using fluctuating currency rates. Weight units are also internationally recognized and have actually been used as a form of payment for many years.

Global: Transactions are made between e-gold account holders, no matter where they are located in the world. The system essentially allows an account holder to spend an unspecified amount of gold to another account holder’s (usually the merchant). Transactions can be made using the e-gold Account Manager, the e-gold Shopping Cart Interface or via internet enabled mobile phones.

Cost Effective: One of the main reasons why e-gold is such a popular form of payment is the fact that costs are kept so low. Using e-gold is free of charge for the spender and recipient fees are significantly lower than other acceptable forms of industry payment.

Convenient: Opening an e-gold account is all about convenience and flexibility. Users are not charged anything to open an account, nor are they requested to go through a comprehensive credit check that many other payment systems demand. Additionally, users don’t even need to have a minimum balance in order to use the system.

Secure: e-gold takes all the necessary steps to ensure that their users’ personal information and financial transactions are protected through tight control, back up and continuity programs. Access to online accounts requires IP address confirmation, pass phrases and other identification steps.

Incentive Program: Every time a user successfully persuades someone else to open an account with e-gold, he or she is automatically credited 10% of every transaction made by the referred user. This is a great way of making money for simply telling about a great product!

Conclusion
e-gold works differently to other traditional online payments, in that it uses gold instead of money as a definition for its product. This perspective on the online payment industry ensures that users are guaranteed a safe, stable and widely accepted system, for maximum convenience.

Click here to visit e-gold official website.