I’m glad to report to all e-currency users out there that Liberty Reserve now features gold backing. That means that LR-G (aka Liberty Reserve Gold) units will be 100% backed by gold bullion. In my opinion this is excellent news for the e-currency industry. I’ve counted more than 7 major e-currencies that feature gold backing, and this includes Liberty Reserve as well. So consumers have a wider choice and the increased competition among e-currency operators should be of benefit to us consumers.
Here is the official new release taken from Liberty Reserve’s Blog:
Finishing all upgrades + gold backing.
We are happy to announce that we are finishing all the upgrades. We have installed all the physical equipment and testing it now.
Gold backing is now available as promised.
We expect to be finished before the end of the day (GMT-6).
Thank you for your support.