Is there room for a 'reserve bank'? How should different DGCs be converted?
To answer these questions consideration must be given to two distinct types of services: clearing and exchange. Clearing is required when different banks or account services support payments between their customers denominated in the same currency. Exchange is required when either banks or account services or DGCs support payments between their customers in different currencies. DGCs can support clearing of payments denominated in their currencies, either with standard transaction fees or at concessional rates. Alternatively one or more banks or account services can offer clearing services of payments denominated in a currency. Currency exchange can occur on sport markets or via intermediary services. Spot markets for DGC current do not appear to exist other than LESE (which only offers e-gold/USD spot market) and the now defunct Systemics/Digigold market server. Exchange services, however, abound, generally offering fixed rate exchanges subject to availability of inventory. Perhaps some existing exchange providers will offer more and more advanced services for merchants and consumers, via accounts of their own for their customers, from which they end up as the banks of the DGC world, offering a range of financial services, including own brand/related brand debit cards, interest bearing savings accounts, and multi-currency savings accounts and merchant account services. David Hillary --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
