> PRESS RELEASE > > -- GoldMoney Launches Online Merchant Interface -- > > > New interface makes it easy and profitable > for online merchants to use GoldGrams > > > (30 March 2001) - E-commerce is taking another step forward with > today's launch of an Online Merchant Interface (OMI) by GoldMoney. > This new OMI makes it easy for online merchants to accept GoldGrams, > the currency of GoldMoney. Because GoldGram payments are non- > repudiable, profitability for online merchants will be enhanced. > > "The potential of e-commerce is being impeded by the use of credit > cards and bank wires. These high-cost and inefficient payment systems > have their origin in the 18th and 19th centuries and are not suited > for the global requirements of today's online merchants," explains > James Turk, Managing Director of GoldMoney. "Even P2P and money-by- > email payment systems are a problem for online merchants already > plagued by charge-backs and fraudulent purchases." > > Now merchants can easily accept non-repudiable payments online from > anyone, anywhere in the world. Online merchants and global businesses > can use GoldMoney to make and accept instantaneous payments in weights > of gold called GoldGrams. A GoldGram represents a gram of gold held > in a vault for safekeeping, and remains in the vault even while being > used as currency. > > By using GoldMoney anyone can make instantaneous payments online in > real-time 24 hours, day and night, yet GoldMoney costs much less than > the traditional - and now outdated - methods of payment. GoldMoney > believes that online merchants and global businesses will find its > payment service quick, reliable and cost-effective. The detailed > technical specifications for the OMI may be viewed at: > www.GoldMoney.com/public/OMI/OMI.pdf > > All transactions are made electronically through the www.GoldMoney.com > website. A related site, www.GoldGrams.com, provides users with easy > access to the current value of GoldGrams in terms of various national > currencies. > > The OMI will be especially useful to global businesses aiming to > expand their cross-border reach, but until now have been impeded > because sales could not be made with non-repudiable payment. Also, > GoldMoney simplifies global transactions by enabling buyers and > sellers to transact in one, single currency. And for the first time, > online merchants now have a practical and low-cost means for accepting > micro-payments. > > This new OMI is one of the many advantages offered by GoldMoney, none > of which are available from electronic payment systems using national > currencies. These advantages are building a world-wide community > where GoldGrams become the accepted medium of exchange. > > As Turk explains it: "We are taking the world's oldest money, gold, > and using 21st century technology to enable its circulation as a > currency in global commerce efficiently, cost-effectively and without > the problems of existing payment systems." GoldMoney aims to make > GoldGrams the currency of choice in global e-commerce. > > > * * * * * * * * * * * * * * * * * * * > > > GoldMoney is an online payment system that combines the world's oldest > money, gold, with Internet technology to provide a safe, easy and > inexpensive way for anyone to transact business 24 hours a day. > Payments are made electronically using GoldGrams(TM), which are grams > of gold that circulate world-wide through the Internet. By combining > gold and Internet technology to produce "A Solid Currency for Global > Commerce"(TM), GoldMoney brings a new proficiency to the way business > is transacted, offering users peace of mind, ease of use and control > of costs. > > > For more information contact: > > James Turk > Managing Director, GoldMoney > <[EMAIL PROTECTED]> --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
