All Question About E-Gold

4:47 PM | Posted by xicalx | Labels: Online Merchant Payment

What is E-Gold ?

The term of this online merchandize I have posted before. See here about the term of e-Gold. E-gold is integrated into an account based payment system that empowers people to use gold as money. Specifically, the e-gold payment system enables people to Spend specified weights of gold to other e-gold accounts

Corporate History

e-gold Ltd. Is a Nevis, West Indies company created to serve as the General Contractor responsible for performance of the e-gold Account User Agreement. e-gold under its charter is completely dissociated from the business risks relating to exchange. This clarity of roles further assures e gold's freedom from default risk and finality of settlement.

e-gold was developed and deployed as an Internet payment system by Gold & Silver Reserve (G&SR), Inc., a Delaware Corporation in 1996. The e-gold roles of Issuance and Settlement were devolved to e-gold, Ltd. in January 2000.

G&SR, Inc continues to serve as the operator of the e-gold payment system. G&SR, Inc. also offers its own innovative set of hybrid currency exchange services, known as OmniPay.

Directors

Dr. Douglas Jackson - Chairman

Dr. Jackson is a physician, board certified in Radiation Oncology. He received his M.D. from Penn State in 1982. In 1986 he completed residency in Radiation Oncology at the National Cancer Institute, Bethesda, Maryland and was certified by the American Board of Radiology. From 1986 through 1992 he served as a Major in the U.S. Army Medical Corps, Chief of Radiation Oncology at the Brooke Army Medical Center, Fort Sam Houston Texas. In 1992 he left active duty to assume duties as Medical Director for Radiation Oncology at Holmes Regional Medical Center in Melbourne, Florida. He was a founding partner of Florida Oncology, a group practice providing hospital based oncology services.

In 1995, based on private study regarding monetary influences on credit and the business cycle he conceived of e-gold as remote payment system that did not require an obligatory financial intermediary. The e-gold system was deployed online in November 1996. In 1998, Dr. Jackson sold his interest in Florida Oncology to devote full time attention to the e-gold enterprise.

Barry K. Downey - Director
Mr. Downey is a co-founder of the e-gold enterprise. He serves as Secretary, Vice-President and Director. Mr. Downey is a founding partner of Smith & Downey, P.A., a law firm concentrating in general business, employee benefits/executive compensation, and labor and employment law. Admitted to bar, 1986, Maryland; 1989, District of Columbia; 1991, U.S. Supreme Court. Former Chair, Maryland State Bar Association Employee Benefits Committee. Co-Author: Nonqualified Deferred Compensation Answer Book, Panel Publishers, 1999; Nonqualified Deferred Compensation Answer Book: Forms and Checklists, Panel Publishers, 1995.

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