E-gold Transaction
Posted on June 26, 2008
E-gold is known as private currency as it is not issued by governments. E-gold is integrated into an account based payment system that empowers people to use gold as money. E-gold was created in response to this need. E-gold transactions are completed electronically, usually using the web interface, and they always settle by weight of the metal even if denominated in some other way. Sometimes, you can buy or sell e-gold for wmz if you need cash money.
E-gold is a form of commodity money, so it is subject to the price fluctuations of that commodity. E-gold does not sell its e-metal directly to users. E-gold, unlike e-Bullion for instance, does not sell digital currency directly to the user.
E-gold has a long history of cooperation with law enforcement agencies in the US and worldwide, providing data and investigative assistance in response to lawful requests. E-gold’s Terms of Use stipulate that all transactions are final and E-gold cannot be held responsible for any spend. E-gold offers no protection whatsoever if an attacker succeeds in obtaining the user’s E-gold account number the user’s E-gold password access to the user’s registered email account (web-based email accounts without a secure login are especially vulnerable).
E-gold is also contractually prohibited from freezing E-gold accounts or releasing E-gold account information in the absence of a court order or subpoena.
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