Tag Archives: c-gold

c-gold still going strong

c-gold

Hi everyone. It has been quite a long time since I last talked about the e-currency industry. Today a thought came into my mind about e-currencies, and I got kind of nostalgic since I used to be into them a lot more than I am today. For me though when e-gold got shut down my dreams of a digital gold currency making it big got shattered. But e-gold was not the only player on the digital gold currencies scene. There is also another gold e-currency called “c-gold” that first opened their doors in 2007. So they’ve been around for quite some time now and they’re still in business. No government has shut them down, no scams have been reported, and no other major drama. I’d like to congratulate them on a job well done so far. I hope they remain around for a long long time.

So if you’re a e-gold refugee sort of speak have a look at c-gold !

Alan out.

Cheers!

c-gold Announces Merchant Directory

Commerce Gold

Check out the latest news about c-gold (Commerce Gold) (C-gold) posted on the Digital Money World Blog.

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A company operator’s ability to communicate well with agents & merchants can signal big success for any retail digital currency company. Promoting long term growth by ’showcasing’ merchants and agents can help to build a very successful online operation.

In my opinion, if you operate an online payment system, you should also be featuring your merchants’ products and services. It may seem like a easy enough task but many currency operators either make too small of an effort or completely miss this side of the equation.

Over the years, I have received hundreds email messages asking, “where can I spend it?” Showing users the benefits of digital money means directing them to available products and services that will accept it.

Moneybookers caters to their merchants by offering a nice directory and featuring it prominently on their web site. Webmoney Transfer also has several very good areas and directory listings not only featuring merchants but they also provide a ‘geoservice‘ that lists agents by location (WebMoney territory embraces – 4284 cities in 44 countries). Making merchants, products and agents easier for customers to locate will only enhance your business and create additional growth.

Knowing this fact, I was not surprised to find out today that c-gold.biz is the new domain containing the c-gold merchant directory. These operators have a very good understanding of what users need and seem to have no problem delivering the goods.

Are you looking for an exchange agent to fund your c-gold account? Now you can easily find one, its the first category in their directory. I’d watch for this directory to grow in the months and years ahead. I also noticed they incorporated their ‘statistics‘ and ‘exchange rates‘ links right on the index of their directory…nice. There is also a rumor out that they will soon have c-gold classified advertising.

Following up on my recent story, C-gold’s Star Is On The Rise, I’d like to note that yesterday the company moved up into the 4 digit account numbers passing the 999 mark.

Also regarding their walk in store in Malaysia, Robert had this good news, “The first shop front is also coming along nicely, and we hope to open the doors in mid/late August.”

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c-gold is growing at a phenomenal rate

Wow! I am impressed with the phenomenal rate of growth that c-gold (Commerce Gold) has experienced since opening up shop. They’ve only been in business for roughly two weeks and as you can see from the info below they are just to be a big hit with e-currency users. I think that they have picked a good time to enter into the market since their main competitor e-gold is having some legal issues that will take some time to resolve. In the meantime c-gold is quietly taking market share from them. Anyways, that’s about it for now. I mainly wanted you all to get a feel for how quickly this e-currency system is growing. Take care.

Click here to read my other post on c-gold to find out where you can fund your c-gold account.

(as of: 27-Jul-2007 0:51:15 AM GMT)

  • This is a real-time audit utility which calculates and displays the total quantity of
    c-gold in all customer’s accounts and total physical bullion backing the currency.
  • All weights displayed are fine weight.
  • You can find c-gold system statistics here
c-gold Balance Summary
Total c-gold in Circulation Physical Gold Bullion Held
6200.0000 (G) 6200.0000 (G)
Physical Bullion Holdings Composition
Item Type Mark Serial Number Purity Fine Weight (G)
2 ) Bar Credit Suisse BN 6758272 .999 1000
3 ) Bar Credit Suisse BN 5308572 .999 1000
4 ) Bar IndoGold 92-007419 .999 100
5 ) Bar IndoGold 98-103198 .999 1000
6 ) Bar IndoGold 98-140621 .999 1000
7 ) Bar Credit Suisse BN 319208 .999 1000
8 ) Bar IndoGold 94-062811 .999 100
9 ) Bar Mitsubishi (AsMe) B06098 .999 1000

New kid on the Digital Gold Currency block: c-gold

Attention digital gold currency fans. There is a new kid on the block, and it goes by the name of “c-gold”(Commerce Gold). A Malaysian start up digital gold currency, quietly entered the marketplace and now just a few days old it is rapidly gaining acceptance. The thing that troubles me is just how similar it is to e-gold. Their website has the exact same layout and to be honest on first sight it reeks of “copy cat” and “unoriginal”.

C-gold is a new ‘digital’ gold currency platform which not only operates online, but also will soon work offline through brick and mortar global locations. The management is forecasting that soon it will launch additional shop fronts, mobile wallets and integration for handheld devices.

Some other successful companies management is associated with include: CyberFrontier Corporation, CyFroCA$H Incorporated, Cyberica.NET Limited (www.cyberica.net, www.u2planet.com),CyberGoldBank.NET and is also responsible for the Private Gold Equities Exchange Limited which is being developed as a privately operated alternative to public stock exchanges.

C-gold will eventually offer over-the-counter bailment’s and redemptions. This operation is handled at brick and mortar locations. Verified, account holders simply drop off a bar and pick up a bar when funding or redeeming their digital account. There is NO surcharge or extra fees for this operation. Bars are also shipped worldwide and the service is fast Nice! (shipping, handling, insurance charges will apply) On further though, I am not sure how they cannot have a surcharge – the economics just doesn’t make sense.

Anyways, the minimum bailment in or out is 1,000 grams (999 fine, marked and certified bars only) They predict that smaller denominations and bullion coins will be added as that part of the business grows. Today, which is about 4 days into their new operation, 5200 grams are already on deposit. You can see their daily holdings right down to the bar mark and number from the c-gold holdings page.

“Any user with an active and verified c-gold.com User Holdings Account can visit a shop of the Commerce Gold Network and add gold to his or her account by bailing in a gold bar (type conditions apply).”

Verified accounts require ID, utility bills and other personal information. Why? The c-gold operators understand that the ‘The Know Your Customer’ (KYC) rules/regulations/laws spanning multiple jurisdictions around the globe are very important in today’s digital economy in order to combat terrorist funding, money laundering, child pornography, copyright infringements and to help eliminate attempts to abuse the c-gold system.

The first retail location for this operation is now being prepared in Penang, Malaysia. Negotiations with interested and qualified parties are also underway including franchise shops, ’shoplets’ and strategic global locations.

So how do you fund your account? Yes, I found myself asking the same question, and the answer is that you can either bail in a gold bar or purchase c-gold from someone who has already done that. So far I see no “exchange agents” that accept c-gold and bailing in a 1 kilo gold bullion bar is not exactly within my reach, if you know what I mean.

Conclusion: As you can probably tell I am not impressed with c-gold, but in the end either it will be “the next big thing” in the digital gold currency arena or it will be a colossal failure. We shall have to wait and see.

–update– it has come to my attention that you can now fund your account by using these two exchangers: www.anygoldnow.com or www.goldnow.st

To open up an account visit: http://www.c-gold.com

–update–

see this link for exchangers that offer c-gold as an in/out exchange option