Quote:
Originally Posted by AffiliateSeeking
I don't see much point of E-gold. I don't know if it is just me or what, but I have never really taken much interest in it. I only have some gold in there which I have had for a while once I had got paid from a small ppc search engine about 3 or more years ago. I have never cashed it out. I'm just wondering why they didn't just be like paypal or moneybookers where they just use dollars and not gold or silver.
|
I believe they had some contrived idea at one point that they could legally process online gaming transactions if they first converted the currency to gold, thereby creating a middleman of sorts. it's the same theory Neteller used to use, that the gaming transaction would be legal if the money was first sent to a payment clearinghouse before it was transfered to the sportsbook/casino. The US government doesn't seem to care anymore what is legally right or wrong and is slamming all of the payment processors.