E-gold

G&SR (e-gold Operator) office, 1998-2014

e-gold 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,[1] backed by over US$85 million worth of gold, about 3.8 tonnes (8,400 lb).[2] e-gold Ltd. was incorporated in Nevis, Saint Kitts and Nevis, and its operations were based in Florida.

  1. ^ "e-gold Statistics". 2006-11-09. Archived from the original on November 9, 2006. Retrieved 2014-12-19.
  2. ^ Cite error: The named reference wired-2009-06-09 was invoked but never defined (see the help page).