entry #6 in the quest for four grams! >> "When will it be useful for large retailers to accept e-gold?" > >When the e-gold economy is supported by a much larger mom&pop/'cottage >farm' industry base. Even though there are many businesses accepting >e-gold and more joining everyday, it is not enough to warrant the >attention of the 'big boys'. Almost all that they see, if they even look, >is the hyips and all they hear from the media is 'money laundering'. >e-gold being accepted by the mainstream market will actually dramatically >increase the number of scams and attempted 'money laundering', however it >will even more dramatically increase the number of legitimate businesses & >users. The ratio will be greatly in the favor of the legitimate >businesses; just like it is today with the USD, GBP, AUD, etc... > >Another vital ingredient will be a efficient, secure POS device so that >users don't have to worry and fret over whether this merchant (a car >mechanic in a small town they've never been to nor will ever be back to OR >the clerk at Nordstrom's) will surreptiously abscond with their acct# & >passphrase. As I said before, this is in the works and I would rather not >disclose the inner workings of it. > >A good watershed moment of when large retailers will probably take serious >notice of e-gold and begin to accept it is when it's daily transaction >volume exceeds US$1 billion. This is approx. the current daily transaction >volume of the Danish Krone, and approx. twice the volume of the Irish Punt >and the New Zealand Dollar. I did all the math for this for the last stats >contest. > >http://www.mail-archive.com/[email protected]/msg03208.html > >Given the current, and past, growth rate, e-gold should breach US$1 >billion in daily transaction volume by April-May 2003. > >So the official answer of "When will it be useful for large retailers to >accept e-gold?" is: > >In about 2 years. > > >Viking Coder >________________ >Worth Two Cents? >http://www.two-cents-worth.com/?VikingCoder > >--- >You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] >To unsubscribe send a blank email to [EMAIL PROTECTED] --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED]
