Thursday, February 24, 2005

The E-Gold Payment System

There are several gold based virtual currencies, but E-Gold is by far the most popular of these. The company behind this system is e-gold Ltd., a Nevis corporation. All e-Gold in circulation is backed by real physical gold bullion in allocated storage. Other than non virtual currency E-Gold's value is very stable, as it is directly linked to the value of gold. E-gold Ltd also issues other e-Metals such as e-palladium or e-platinum, but those are not that popular and not widely accepted.
To do business with e-Gold you must first create a free account at their website. You then get an online depot to store your virtual gold in. There is no direct way to buy e-Gold for your depot though. The easiest way to get some gold inside your account is to buy it from someone who allready got it and can transfer it to your depot. If you don't know any owners of e-Gold, you might check out E-Forexgold, which offers the possibility to buy and exchange several e-currencies including e-gold, Osgold, GoldMoney, Strandard Reserve, E-Bullion, EVOcash and Technocash by wire transfer or direct cash deposit from many countries.

19 Comments:

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