E-gold was a digital gold currency operated by Gold & Silver Reserve Inc. (G&SR) under E-gold Ltd. It allowed users to open an account on their web site denominated in grams of gold (or other precious metals) and the ability to make instant transfers of value to other E-gold accounts. The company was founded in 1996 and had grown to five million accounts by 2009, when transfers were suspended due to legal issues.
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