What is Digital Currency (DC)?

Digital currency, is a stored value and payment system, usually account-based, that allows users to store funds (such as Euro, USD, Yen, etc., and metals such as gold, silver, etc., or anything else of value for that matter). The main feature of a digital currency is that spends (payments) are irrevocable, unlike bank payments (wires, checks), and other systems that have similar features (online payments) but can easily reverse payments, such as PayPal. Digital currencies evolved as a need for merchants to have an alternative to credit cards due to the high cost of accepting credit cards (credit card % fees and fraud). Merchants using digital currencies get paid, and stay paid, lowering their costs of operation, eliminating fraud, and pass on the savings to their customers.

What is Liberty Reserve (LR)?

Liberty Reserve is an account-based payment system where you can store value in U.S. dollars and transfer payments to others and receive payments from others. It is safe, reliable and confidential. Payments are irrevocable (meaning they cannot be reversed). Liberty Reserve is instant, real-time currency for international commerce. In just minutes, you can send and receive payments from anyone, anywhere on the globe!

What is E-Gold (EG)?

E-gold is an electronic currency, issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage. 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. Only the ownership changes - the gold in the treasury grade vault stays put.