What is e-gold?

e-gold is a digital gold currency.The world wide web money.The Virtual money that widely use online.100% backed at all times by gold bullion in allocated storage.It's 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.

e-gold is cost effective -
Spending e-gold is free, even if your recipient is on the other side of the world.

Here are some examples of how e-gold is presently used:

e-commerce
Business-to-business payments
Point of service sales
Person-to-person payments
Payroll
Bill payments
Charitable donations

It costs nothing to open an e-gold account. There is no credit check. There is no minimum balance requirement. There is no concept of a "merchant account" in that all e-gold accounts may Spend e-gold or receive e-gold payments.

BY:http://earningsource.blogspot.com/

sources:
e-gold.com

http://en.wikipedia.org/wiki/E-gold