Digital Gold Currency

P. Carl Mullan
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P. Carl Mullan: PDX Currency Corporation

Chapter 3 in The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations, 2014, pp 16-19 from Palgrave Macmillan

Abstract: Abstract Digital gold currency, or DGC as it is called, emerged in the mid-1990s and permitted complex, immediate, and irreversible financial transactions over the Internet. No restrictions on usage or identity verification made these systems instantly popular. Gold is a universally accepted monetary product and became an optimal global solution for use in digital currency systems. Digital gold currency systems, such as e-gold, held gold bullion and issued digital currency units representing small amounts of gold. Digital gold currency makes an excellent transnational currency. DGC works well as a medium of exchange for local or global trade.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-38255-9_4

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DOI: 10.1057/9781137382559_4

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