The
Digital Currencies
(Altergold, e-bullion, Liberty
Reserve, Pecunix, Perfect Money)
Basically
all digital currencies are in fact online
payment systems allowing you to transfer
instantaneously some value to an individual
or a company located anywhere in the world.
This transfer could be a simple gift or
a payment for an object or a service that
you want to get.
Main
advantages:
- They
are borderless. A transfer can
be sent to anyone in the world.
- Transfers
are instantaneous, no waiting for checks
to clear or credits to be made
- Transactions
fees are lower than credit cards and
banks.
- Payments
are irrevocable. So no chargeback
anymore. "Get paid, stay paid"
unlike credit card payments.
Who
can use them? Simply people who
use money:
- e-commerce
- Business-to-business
payments
- Point
of service sales
- Person-to-person
payments
- Payroll
- Bill
payments
- Charitable
donations
What
is the main difference between digital
currencies?
The
main difference between digital currencies
is the way they are accounted. Some
are simply accounted in a specific national
currency and some others are accounted
in weight of metal like gold or silver.
For
example E-bullion e-currency” and
Liberty Reserve USD” are accounted
in USD. So if you have an E-bullion
e-currency” account with a balance
amount of 500 then your account value
is 500$USD. However if you have
an e-gold, e-bullion gold, c-gold or Pecunix
account which is accounted in weight of
metal then its balance amount is a number
of units of metal not a number of a national
currency. That is to say that if
you have an e-gold account with a balance
amount of 500 it means that you have 500
troy oz of gold. The equivalent
current fiat (national currency) values
are displayed for reference only, and
will fluctuate with the current market
price
Although digital metal currencies are
accounted by weight, their payment system
allows a value transfer to be expressed
in terms of different national currencies.
For example, it is possible to:
- Transfer
5 troy oz worth of e-gold
- Transfer
4.3 grams worth of e-gold
- Transfer
US $300.00 worth of e-gold
- Transfer
CHF 985.88 worth of e-gold
This
means that an American can pay an Australian
or a Japanese can pay an Spanish the correct
weight of gold for a good or service as
easily as if the price had been quoted
in his own national currency.
Advantages
of Digital Gold Currencies over national
currencies
By
definition Money is anything that functions
as a medium of exchange that is socially
and legally accepted in payment for goods
and services and in settlement of debts.
But,
what makes a money better than another
one? Simple, its capacity to keep
its purchasing power. Therefore
Gold is still the best money in the world.
It exists for nearly three thousand years
as a medium of exchange and on a long
period of time it keeps its purchasing
power contrarily to any other national
paper currencies that see their purchasing
power reduce by inflation.
So
keeping your assets in Gold in the best
way to protect it against inflation and
thus keep your purchasing power year after
year.
However
carrying gold in not practical as a form
of payment, but thanks to internet and
digital gold currencies that brought us
the possibility exchange tiny amount of
gold for a tiny fee.
Because
gold has an internationally agreed value,
Digital Gold Currencies system are perfectly
suited to the specific demands of e-commerce.
Altergold
Altergold (altergold.com) is a variation
from e-gold. It is a subsidiary of Digital
Group Inc. a registered legal corporate
entity in the Republic of Panama in Central
America. Altergold.com is protected by
an offshore Trust, and is at all times
backed 100% by U.S. dollars for AG-USD
accounts
e-bullion
e-Bullion.com is legally registered as
a corporate entity in the Republic of
Panama.
All reserve bullion backing the e-Bullion.com
system is allocated and remains the property
of the e-Bullion® Company and e-Bullion®
account holders.
Ŀiberty
Reserve
Liberty Reserve is incorporated in Costa
Rica. It is a 100% irrevocable payment
system allowing you to send or receive
money to or from anyone in the world.
An offshore Trust protects Liberty Reserve
and is always backed 100% by U.S. dollars
for LR-USD accounts, and by gold for LR-gold
accounts, etc.
Pecunix
Coming soon....
Perfect Money
Coming soon....
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