World Wide Money

Make money from your photos, videos and blogs. Get Started Now!

World Wide Money

Posted in: E-gold in aglocoincome's Blog

World Wide Money

Click on the banner to join today

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.