In the light of recent developments in the digital gold market, with companies like e gold being indicted and the  US government taking a hardline against some of them because of moneylaundering and unregulated illegal practices going unchecked, what do you think the future of these alternative currencies or digital currencies are ?

Can the US govt and others force them out of business as some believe?

We value your opinion here on www.digitalmoneyworld.com and both Mark and Benson have written here on digital gold extensively in the past.

DGC Magazine Blog

http://www.dgcmagazine.com/blog/index.php

• 
• Author: Mark Herpel
• Listed in: Finance Innovation
• Tags: gold e-gold e-bullion pecunix e-currency digital gold currency

So what do you think about this issue? Please let us know.

Comment below

Moneypenny

Last week I asked you to design the online payment system called edream you wanted as Here on www.digitalmoneyworld we regularly hear readers complaining about the services ( or lack of them) offered by e payments companies like moneybookers, paypal, e gold, loom, and the rest. In response, Sean over at franchise pick; a blog I never tire of reading, responded with a killah post not to be missed, with his usual wit and humour.

http://www.franchisepick.com/franchisepickcom-announces-esean-payment-processing-system/

So here’s the question, if you were to design the e payments system that you want and need, what would it look like?

What services would it offer that you are missing now?

How would you improve on existing options offered to customers?

What limitations that you presently have to endure would you do away with and what would you replace them with?

Lets call it e dream

The prize? a deposit of seed money into your a paypal account in your name to start your new business. Yes you heard right! seed money into your own account.

Now rumour has it that Sean is pretty confident of winning this are you going to let him? So send yours in today guys, your best ideas for a payment system.

The prize will be awarded at the end of July. get yours in!

So write to Moneypenny under comments below and let’s have your e dream e payments blueprint. The best one will be voted on and will win a prize of seed money into a paypal account!

Moneypenny

(Digital Money World) I’ve always thought how nice it would be to just click on a house at eBay and buying it straight without going through the hassle of all the tough procedures to procure a piece of real estate; Whilst I haven’t heard of any Realtors doing it nor know that this is possible (Since all countries have different policies when it comes to foreign buyers or even local buyers of the country), maybe a fact is that someone can come up with such a platform to expediate the process of viewing a house and procuring a house with step by step details and make the initial payments with Digital Money/ Digital Gold Currencies.

Maybe the process of viewing the house in virtual world could be improved so a home buyer can have a good feel of how is it like in the house. A good example would be this virtual tour of a penthouse unit in Singapore that I’ve done up with a photographer with a Javascript/ Java/ Flash technology. Maybe more videos, photos can be added in together with a floorplan.

Of course we understand that as long as we don’t get to see it physically, we can’t always confirm or affirm anything. These aids are there to assist your buying decision, rather than making a wasted trip down to look (especially for overseas buying). From here and out, we could confirm the buying process by paying the deposit through Digital Money/ DGC which would make the process relatively faster than Bankwire (I’m not sure of this, but as long as the amount gets into my e-Gold account, I would feel really safe since e-Gold payments are irreversible. Not so sure about Paypal). From here, the Realtor can carry out the procuring process and have the Solicitor ready to proceed with the rest of the conveyancing.

Getting a piece of real estate with digital money hasn’t been that common as yet, but the future of having this option seem really bright in the near future to come.

(Digital Money World) I know it’s relatively unheard, but has anyone has ever encounter people doing such transactions before? The nearest that ever came close to reality was the Money Booker’s scam that Moneypenny’s readers have been conned for ‘buying a car’

How much do you trust your Digital Money provider or a internet payment solution to procure something that’s of a huge value to you?

Or if you haven’t, would anyone please share what’s the biggest or the most expensive items that you have ever paid for using payment solutions like Paypal, Alertpay or even Digital Gold Currency like e-Gold, e-Bullion?

Hmmn, I’m REALLY curious.

This is a kind of unofficial poll to find out which online payment company is rated best.

These are the criteria:

1. ease of use, functionality and options.

2. service level, charges/cost and market share.

3. security, support and reliability.

4. ethical, regulated and financially sound company.

So which online payment company does these best for you.

Leave a comment and tell us your experience for the benefit of our readers.

Moneypenny

(Digital Money World) These tips have been screened and contributed by most of DMW’s own readers, and we do have a winner of $50 sponsored by Swapgold.com , a reliable digital money exchanger.

There are some tips which are account genre related, and we’ll be show casting those security blurps when we’re talking about those accounts (example, e-Gold, Pecunix).

Read more

(Digital Money World) Thanks to all the participating readers who has contributed to the Contest blog entry on the tips to secure your PC to prevent ID theft, and how to protect your internet money accounts (Paypal, E-bullion, E-gold, Liberty Reserve etc)

Here are some great tips,

Read more

(Digital Money World) Digital Money Forum hits its 11th cycle which will be held on 23rd and 24th of April 2008 in London.

Join Dave Birch of Digital Money Forum alongside with high profile speakers like Giles Andrews of Zopa, Charles Cohen from Probability, Jim Wadsworth from J.P. Morgan, Mike Jackson of Shaping Tomorrow, Ronnie O’Toole of National Irish Bank, Sandra Alzetta from Visa Europe, economist and author Diane Coyle, Donal Rice from the National Disability Authority in Ireland, Colin Swain from Barclays, Peter Jones from Payment Systems Europe, Jerry Dischler from Google, Anne Caffrey from RBS, Oliver Kelly from Vodafone, David Boyle fron New Economics, Jof Walters from Shopcreator, Julian Wilson from Mobbits, Charles Bryant from the European Banking Association, David Hunter from Click ‘n Buy and Europe’s most informed commentator on the economics of cash replacement, Leo van Hove from the Free University of Brussels.

What will they be talking about?

Major trends in the sector and what the next trends might be. Contactless payments, NFC in mobile phones, Internet payments, remittances, cash replacement and public policy, the often-forgotten needs of the disabled, the nature of innovation in payments. All of the speakers and all of the panellists have been invited because they have something interesting and worthwhile to contribute: you won’t find yourself sitting watching product marketing presentations, you’ll find yourself engaging and learning.

Slots?

Only a 100 available. So if you’re in London and in one way or another related or enthusiastic about Digital Money, head down to their forum! ;) The details, costs and itinerary can be found here.

(Digital Money World) Now, I know there are alot of smart people out there that reads my blog on daily digital currency happenings and the latest on payment news. Now it’s time to throw it back for all my readers or digital currencies people even to suggest how should you be protecting your Digital Currencies account like Paypal, E-gold, E-bullion so on and so forth.

Comment on anything from computer security tips to digital currency specific settings and win $10, or maybe $20 depending on the number of entries I get (I know its not much but spare a poor bloke) Egold from me. Contributor with the most number of suggestions AND most useful suggestion will win the prize money!

(Updated) SwapGold.com, an exchanger that I trust, have stepped forward to contribute the prize and raised it to US$50 Wohoo! They’re giving 1% to 3% bonus for some exchanges at the moment. Check them out!

We will compile this list of suggestions and have it as a sticky for people to protect their digital assets. Contest will end in 7 days time. Start shooting! ;)

EMOCorp gets closed down, EvoCash is gone, E-gold gets into hot soup with the US Government. So what is the exact issue? Why can’t any digital form of currency actually work with every legislation in each country on a universal scale?

Anti Money Laundering (AML) policy issues is the main reason why the government legislations for most countries doesn’t really encourage people to use it on the big scale; and in fact, I haven’t exactly seen any country using a particular e-currency/ digital money. You may argue that Paypal seems to be dominating on this field, since almost ALL people around the world knows about Paypal and uses it for their internet business.

Not very true, Paypal does discriminate Indonesian users because of the high level of credit card fraud rates. Even E-gold picks up problems with Iranian accounts. So there’s no exactly one form of digital money that could be used by every country and not letting the authorities worry about the activities behind the accounts.

And even if one of the company manages to come out with a champion legal form of internet money, it’s going to be heavily monitored by all the big legal criminal authorities; No privacy then!

Can someone come out with Dream Internet Money? *Ponders