How e-commerce works


What is e-gold?

E-gold is an electronic gold currency issuedform of payment. E-gold has a few advantages
by Gold & Silver Reserve Inc. underover conventional forms of payment. For
e-gold Ltd., a Nevis corporation. E-gold isinstance, the transaction fee on an e-gold
integrated into an account based paymentspend is very much affordable. Furthermore,
system that empowers the instant transfer ofrelative to credit card transactions or
gold ownership between users. The e-goldchecks, e-gold spends clear instantly. Unlike
corporation boasts of an overwhelming twoPayPal and other payment processors that
millions accounts. With over 3 tons of goldtypically have several account types, e-gold
in storage and an estimated 50,000 e-goldsystem bears only one account type. That is,
transactions each day, the e-gold system isall e-gold accounts have the same capacity to
sure headed for unprecedented growth. E-goldtransmit and receive e-gold funds, and all
transactions, often termed as an e-goldaccounts are charged the same fee, which is
"spend", are accomplished electronically,1% per annum on all e-gold stored in a user's
typically via the web interface provided byaccount. E-gold is very much out of the usual
the e-gold corporation. All transactions arerun of things, since all e-gold transactions
settled by weight of the metal. A user mayare non-reversible. Specifically, even in the
instantly send (spend) a specific amount ofcase of a fraudulent spend or a legitimate
gold, be it a gram or an ounce, to anothererror, there is no way to reverse the
e-gold account. A user may also receivetransaction. Thus e-gold is analogous to a
physical delivery of gold upon payment of ancash transaction, and is quite dissimilar
additional fee. The two major reasons behindfrom other contemporary payment processors,
e-gold's success as a monetary system havesuch as PayPal. A striking feature of the
much to do with the reliability offered bye-gold system is that the e-gold corporation
gold, one of the rare and precious metals.does not sell electronic currency directly to
Firstly, gold as a means of monetary exchangethe user. This renders the e-gold corporation
has a profound history. And secondly, weightfree of any financial risk whatsoever.
units have a precise, unwavering, andHowever, OmniPay (a sister concern of
internationally accepted definition. Papere-gold), allows for the exchange of e-gold
currency of a nation is typically affected byaccount holdings for paper currency and vice
its monetary policy. Therefore, paperversa. E-gold Ltd. claims that it possesses
currencies do have certain inherent economicgold to back the currency in the e-gold
risks, such as inflation and devaluation. Onsystem. Since gold is a tangible commodity,
the other hand, e-gold offers greaterit is bound to experience price fluctuations.
reliability since it is guarded against suchHowever, gold prices have seen a steady and
economical fluctuations. By possessing e-goldimpressive growth over the past five years,
funds, you effectively gain access to bullionand consequently, the value of e-gold account
investing, without being anxious aboutholdings has risen over the same period.
storage and delivery. With e-gold, you couldThere simply is no better time for e-gold
buy just about anything that the web offers,investment than now.
provided the merchant accepts e-gold as a



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