Micropayments Backed in Gold

By Deane Barker on August 15, 2003

Wired News: Finding Gold in the Smallest Sale: This has been around for seven years and this is the first I’ve ever heard of it.

“Well, not real gold exactly, but its virtual equivalent, a currency known as e-gold. According to Douglas Jackson, a Florida doctor who founded e-gold seven years ago as an alternative online currency backed in gold, customers increasingly use the system to make micropayments for everything from music singles to online content.”

Here’s their corporate site.