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 (by an overwhelming margin) 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.
e-gold® An Alternative Internet Payment System
The market for goods and services sold across the Internet is large and growing. Receiving or making payment, however, can be a problem. e-gold solves the problem. 100% backed by gold bullion e-gold is truly global, minimizes exchange risk, and meets the demands of Internet payments:
Immediate settlement worldwide, 24/7
Finality of payment, no chargebacks.
Payments are bi-directional allowing interactive service payment
The system is robust, efficient, and secure
Merchant interfaces are easy to implement
Transaction costs are low
e-gold, operational since 1996, has users in over 165 countries and has settled over 45 million payments. There is over $30 million worth of e-gold in circulation supporting an annual transaction volume exceeding $1 billion (USD-equivalent).
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