e-gold(R) Empowers Sites to Refuse Payments from US Persons
MELBOURNE, Fla.--(BUSINESS WIRE)--On October 12, 2006, the Safe Ports Act was signed into law in the United States. As a result of the Safe Ports Act and the Unlawful Internet Gambling Enforcement Act of 2006 contained in the Safe Ports Act, the facilitation of many forms of Internet gambling by persons located in the United States has become a proscribed activity. With the objective of preventing the use of e-gold by United States persons for unlawful online gambling, e-gold has deployed a feature whereby any e-gold account holder may configure their e-gold account(s) to block incoming e-gold Spends from accounts controlled by Users residing inside the United States or who are accessing the Internet from within the United States. Online gambling businesses using e-gold are now required to enable this new account attribute. For more information visit www.e-gold.com or call US 1-321-956-1200 ext 127.
About e-gold
e-gold is an alternative payment system that mobilizes the value of gold, as money, for Internet payments and funds transfers. e-gold builds upon the fundamental strength in proven customer demand for gold as a secure store of value. All e-gold is backed by a 100% reserve of physical gold in recognized repositories. e-gold offers customers a secure and robust payment system that minimizes exchange risk, operates globally 24/7, has finality of payment with no chargebacks, uses automated interfaces, and is low cost. Operational since 1996, e-gold has settled over 70M transactions, serves customers in 165 countries, and holds nearly 3.5 metric tonnes of gold.
