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| E-currencies - Virtual Currencies | ||
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In order to make any trade possible, a currency is needed that can be used for making investments. Dollar, sterling, or euro are not suitable for this purpose because the trade takes place all over the world and different companies want settlements in different local currencies. Recalculating back and forth the currency pairs is always connected with a loss because of the commissions charged on every transaction by the exchangers. Another problem is that most currencies do not have parity. In the past, if any country emitted currency, it also kept an equivalent amount of gold in its treasury. Therefore the currency’s value could not be artificially lowered or raised, and the amount of currency in the marked always corresponded to the economical condition of the country. In recent times the parity was given up for different reasons, one of them being the rapid development of industry and increase of state-owned possessions. Nowadays the wealth of a country cannot be measured solely in terms of the amassed gold – there are also the streets, facilities, real estates, etc. Additionally, the money itself is becoming more and more virtual due to inventions like credit cards and internet money transfers, and in many situations one does not even see the money when conducting a transaction. Modern economy, rapidly evolving economic situation in many regions of the world, quick flow of economic information, and the freedom of trade all make the oscillations of currency value quite significant – some of the currencies abruptly lose while other increase their values. There are wars fought for economic reasons these days, and the military actions immediately find their translation into the value of share indices. The third drawback of traditional currencies is the lack of privacy connected with the necessity to give personal data when making money transfers – plenty of people investing in the world markets wish to stay anonymous. In such a situation it has become indispensable to introduce virtual international currencies that have parity in gold (or in any other precious metal) and can be translated at any moment into their gold equivalent. 2.6.1. E-Gold The first (1996) and the best known virtual currency. Registration: http://www.e-gold.com Transfer fee: the recipient pays 1% of the transaction value, max. $0.5 Maintenance fee: 1% of the mean day balance per year When taking out money you may request to have the equivalent in gold delivered to a given address. E-Bullion Registration: http://www.e-bulion.com Transfer fee: $0.5 for each transaction Maintenance fee: 1.5% of the value of the annual balance, recalculated on a per month basis. NetPay Registration: https://www.netpay.tv NetPay's primary goal is at providing every web user a free and secure Internet currency account with the ability to either store, transfer, exchange, or spend in all of the alternative Internet e-currencies available. Pecunix Registration: http://pecunix.com EvoCash Registration: https://www.evocash.com GoldMoney Registration: http://www.goldmoney.com The above listed payment systems are not the only ones, but they have been in the market for the quite some time and they have gold parity, which greatly increases the safety of the transactions. Of course, if the transactions in virtual currencies are to be feasible, there must exist a market for changing real currencies to virtual. The complete list of trusted exchange partners can be found on E-Gold’d web site http://www.e-gold.com/unsecure/links.htm |
