Tag: Payment System
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WebMoney Digital Payment System
WebMoney is a digital payment system that allows users to make transactions online. It was first launched in Russia in 1998 and has since grown to become a popular method of payment in countries such as Russia, Ukraine, Belarus, and Kazakhstan. The system is based on a proprietary currency called “WebMoney units” (WM), which can…
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What is E-Gold? A Brief History of E-Gold and its Legal Troubles.
E-Gold was a digital gold currency operated by Gold & Silver Reserve Inc. (G&SR) under e-gold Ltd. that allowed users to open accounts denominated in grams of gold (or other precious metals) and make instant transfers of value (transactions) to other e-gold accounts. These transactions were settled within 24 hours and the gold backing the…
