Posted by DGCmagazine 126.96.36.199 July 05, 2008 at 14:57:51:
60 e-gold Exchange Agents, Who’s Still Alive? You Might Be Surprised… posted by Mark Herpel 188.8.131.52 August 05, 2007 at 11:24:59:
Original text: July 22, 2007 Back in May, I wrote an article “ http://www.americanchronicle.com/articles/viewArticle.asp Who’s Still Alive? 20 E-gold Agent Profiles“. This piece can be ..
Since 2006, OmniPay the original primary dealer for e-gold, has been out of business. With the loss of OmniPay, e-gold® independent agent exchange rates have risen from 2-3% all the way up to 25% in some cases. The 'exchange rate' is the fee an independent agent charges to exchange national currency into digital currency that can be used online. Sending national currency to purchase e-gold is called an 'inexchange' and withdrawing digital currency into national currency is known as an 'outexchange'. All exchange transactions for e-gold are handled through third party independent exchange agents. E-gold Ltd. has never even had a bank account and does not accept customer funds.
Mr. Renner also has the longest running e-currency debit card ever created in the history of digital gold currency. Knowing that over the past decade hundreds of other card companies have started and gone out of business, the http://www.cashcards.net/ operation is a rather monumental success story. Here is the interview:
This was a message received by http://www.cashcards.net/ customers last month.
From Steve Renner http://www.cashcards.net/ :
(Q) Steve, give us some good news! What does that mean "Primary Dealer" ?
(Q) Can you tell us what this new arrangement with e-gold means for users?
(Q) What might your additional buying and selling do for liquidity in the e-gold marketplace?
(Q) To out exchange e-gold through your company today, what is my rate on a $5,000 sell?
(Q) Can you forecast that e-gold exchange rates might drop in the coming months?
(Q) For how many years has http://www.cashcards.net/ been in continuous operation?
(Q) Your debit card products are the longest running card in e-currency history. Many other cards have come and gone. What fuels your success?
(Q) What is the most popular product at http://www.cashcards.net/ ?
(Q) Do you offer an affiliate program for those of us wanting to earn with you?
(Q) I see that your cards are listed in the Liberty Reserve directory. I know they have gotten really popular in the past year. How much of your monthly business comes from Liberty Reserve exchanges?
* Our Classic Card which is strictly an ATM debit card.
(Q) Do many customers get your Visa Card or is most of your business strictly the ATM cards?
(Q) Do the cards work outside the US?
(Q) This news, that e-gold has a quality-established new primary dealer. However, you chose not to put out a big time press release and seek additional news on this event. Why not?
(Q) Are you confident that the e-gold company will survive and continue their operations in the years ahead?
It will remain to be seen if the company will survive for the long term, this will be ultimately decided in the legal system. But for now, our goal is to make sure that no Legitimate e-gold customer is left out in the cold with no way to Out Exchange their Digital Credits.
(Q) Are the CashCard products and operation considered a US business?
(Q) Do you follow US compliance, regulations and the rules created by the Patriot Act for all US customers?
(Q) Your company also operates the e-currency V-cash. How long has V-cash been around?
(Q) Does V-cash have independent exchange agents?
(Q) Does V-cash have many online merchants accepting the e-currency?
(Q) Is your debit card loading automated? In other words if I sell e-currency, does it appear right away on my card?
(Q) Do you have a target market you cater to with the V-cash product?
(Q) Does CashCards only rely on affiliate marketing or does the company also do any sort of mainstream advertising?
(Q) Why with the potential legal issues e-gold is facing did you decide at this point in the game, to become more involved?
This is to help our customers, who have monies tied up in e-gold and need to get it back out of the system. We have gone as far as we can go in advancing money to our customers. Someone had to step up and take responsibility for ensuring people get their money. As I see it, e-gold and digital currency itself is not on trial, this has become a Mainstream Accepted way of doing business. (Look At Ebay/Pay Pal) The main problem is, as with any system (like our Banking System), outside people abusing the system for illegal purposes. Money Laundering, Drugs, Gambling, Pornography, etc.. etc...
(Q) I know you have tremendous experience with Internet marketing, what else are you working on in that area readers might want to learn about?
* Web Hosting
The company is called iNet Global and we have a "Killer" Affiliate program that you could really make some money with... http://www.inetglobal.com
(Q) I read an article you wrote entitled, "Modeling Success". You say a smart way to finding business success is to study successful people and ?model? them or build a similar. It was very good advice.
(Q) Can you share with us the people you model in your own life?
(Q) You have written a lots of articles recommending gold coins which do you prefer the actual gold coins or digital gold locked away in a secure foreign located vault?
But they are not practical all the time. At some point you would have to have them.
(Q) A lot of people have been predicting dome and gloom for the US economy. However, I can?t find any articles by you that might forecast economic depression. Where do you see the US economy headed in the next 2-3 years?
Those business that fail to adapt will go the way of the Buggy Whip company. They will just no longer be viable. Now is the time to learn everything you can about Online Business. and Internet Marketing.
I'd like to thank Steve for answering my questions and wish him best of luck with CashCards.net.