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E-gold
Sign in to savethumb|right|G&SR (e-gold Operator) office, 1998–2014, Melbourne, Florida
~6 min read
Encyclopedic overview
8 sectionsContents
- Beginnings
- Criminal abuse
- Hackers
- Fraud
- Prosecution and closure
- See also
- References
- External links
thumb|right|G&SR (e-gold Operator) office, 1998–2014, Melbourne, Florida
E-gold or eGold was a digital gold currency operated by Gold & Silver Reserve Inc. (G&SR) that allowed users to make payments, which it called "spends", in grams of gold, silver, and other precious metals. E-gold was launched in 1996 and grew to five million accounts by 2009, when transfers were suspended due to legal issues. At its peak in 2006, e-gold processed more than US$2 billion worth of spends per year, backed by over 85 million worth of gold, about . e-gold Ltd. was incorporated in Nevis, Saint Kitts and Nevis, and its operations were based in Florida.
Excerpted from Wikipedia’s “E-gold” article, available under the CC BY-SA 4.0 licence.