Advantages/Disadvantages of E-gold
Advantages:
The market for goods and services sold across the Internet is large and growing. Receiving or making payment, however, can be a problem. e-gold solves the problem. 100% backed by gold bullion e-gold is truly global, minimizes exchange risk, and meets the demands of Internet payments:
* Immediate settlement worldwide, 24/7
* Finality of payment, no chargebacks.
* Payments are bi-directional allowing interactive service payment
* The system is robust, efficient, and secure
* Merchant interfaces are easy to implement
* Transaction costs are low
e-gold, operational since 1996, has users in over 165 countries and has settled over 45 million payments. There is over $30 million worth of e-gold in circulation supporting an annual transaction volume exceeding $1 billion (USD-equivalent).
Who should use e-gold
Any business or individual who wants to make or receive convenient, secure, cost effective, and final payments across the internet. Whether your market is:
* On-line retail trade or services
* International remittances
* Micro-payments, such as music downloads
* Paid content websites
* Internet gaming
* On-line auctions
If you can not or do not want to use a credit card, e-gold is your answer.
Disadvantages:
There is also a pressing issue regarding the technology involved in digital cash. Power failures, loss of records and undependable software often cause a major setback in promoting the technology.
Privacy questions have also been raised; there is a fear that the use of debit cards and the like will lead to the creation by the banking industry of a global tracking system. Some people are working on anonymous ecash to try to address this issue.
* Finality of payment, no chargebacks.
* Payments are bi-directional allowing interactive service payment
* The system is robust, efficient, and secure
* Merchant interfaces are easy to implement
* Transaction costs are low
e-gold, operational since 1996, has users in over 165 countries and has settled over 45 million payments. There is over $30 million worth of e-gold in circulation supporting an annual transaction volume exceeding $1 billion (USD-equivalent).
Who should use e-gold
Any business or individual who wants to make or receive convenient, secure, cost effective, and final payments across the internet. Whether your market is:
* On-line retail trade or services
* International remittances
* Micro-payments, such as music downloads
* Paid content websites
* Internet gaming
* On-line auctions
If you can not or do not want to use a credit card, e-gold is your answer.
Disadvantages:
There is also a pressing issue regarding the technology involved in digital cash. Power failures, loss of records and undependable software often cause a major setback in promoting the technology.
Privacy questions have also been raised; there is a fear that the use of debit cards and the like will lead to the creation by the banking industry of a global tracking system. Some people are working on anonymous ecash to try to address this issue.
No comments:
Post a Comment