How e-gold it works?

The world wide web needs world wide money. e-gold was created in response to this need.

e-gold is accounted by weight of metal, not US$ or any other national currency unit. Weight units have a precise, invariable, internationally recognized definition. Additionally, precious metals, gold in particular, enjoy a long history of monetary use around the world. Thus, e-gold is ideally suited for international transactions.

Although e-gold is accounted by weight, the e-gold payment system allows Spends to be expressed in terms of eight major national currencies (as of this writing). For example, it's possible to:

• Spend 10 troy oz worth of e-gold
• Spend 5.3 grams worth of e-gold
• Spend US $100.00 worth of e-gold
• Spend CHF 685.88 worth of e-gold

This means (for example) that a Canadian can pay a German or a Japanese can pay an Australian the correct weight of gold (e-gold) for a good or service as easily as if the price had been quoted in his own national currency.

All financial value will migrate to cyberspace over the next few years. e-gold is ready so that you can be too.

e-gold is borderless - e-gold may be Spent to any other e-gold account anywhere in the world via the e-gold shopping cart interface (SCI), the e-gold Account Manager, or web enabled mobile phone.

e-gold is quick -e-gold payments clear instantaneously (with no chargeback risk), no matter how large the payment, no matter how far apart the Spender and Recipient.

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

Recipient pays only 1% of the transaction amount for Spends less than or equal to US $50 worth of e-gold. e-gold is well suited (and e-silver is ideal) for micropayments.

Recipient pays a flat USD 50 cents worth of e-gold for Spends greater than US $50 worth of e-gold, no matter how large the payment.

The e-gold Agio fee, based on average daily balance, is only 1% per annum.