Online Digital Currency

E-currency is an electronic, world wide currency for the world wide web. It is an online payment system that combines money, gold or other precious metals with internet-based technology to provide a safe, easy and inexpensive way for anyone to transact business 24 hours a day. It is the future for online transactions and web business.

There are however, many online digital currencies to choose from. Those backed by gold have intrinsic value that guarantees the deposits of their members and are therefore a safer option. Of the gold backed currencies, e-gold was the early adopter and is by far the most popular service, followed by e-Bullion. They also provide a simple and secure interface for automated transactions and have a good track record of technical reliability.

Essentially they are digital precious metal in that accounts are held maintained as its weights. This value will change day by day as the value of precious metal changes. At the present time of uncertainty in the financial world, holding an e-gold or e-bullion account not only provides you with an efficient value transaction system, but represents a wholly sensible and appropriate hedging facility against monetary risk.

There is no cost to set up an e-gold account.
Click on this link to set up an e-gold account now.

Once you have an e-gold account you need to fund it. This you do from a digital currency provider or exchanger. Think of it as a foreign currency exchange, but because it is a small volume, your local bank won't provide this service. You need to use a particular exchanger that deals in this business. How you pay for your e-gold depends on the exchanger. Some will accept money orders, bankers drafts and even credit cards. Others will only accept bank wires.