Digital Gold Currency
P. Carl Mullan · Palgrave Macmillan US eBooks · 2014
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.