EeeCurrency
eeeCurrency is a form of electronic money, based in Panama City, Panama. It is used primarily by Exchangers, Investors and Value Builders. It is a free-to-use service and is open for everyone but has selected ‘Authorized Exchangers’ who are given a line of credit to provide the electronic currency to the users.
The value of the eeeCurrency is not backed by any regular currency or gold, as many other online currencies are, but merely on the value of the demand put on eeeCurrency by its exchangers and users. It can be exchanged into regular currency and other online currencies via Authorized or Independent Exchangers . eeeCurrency has a ‘self contained value’, effected only by the strength of its demand, not by debt.
eeeCurrency is a member of the eCurrency Network, an organization which considers it self to be the largest gathering of ‘Digital Electronic Currency’ sites and systems in the world.
The three e’s in eeeCurrency stand for; everything, everywhere, electronic.
eeeCurrency states in their Terms of Service and FAQ file that eeeCurrency Accounts can not be given value directly by eeeCurrency, but only through appointed "Authorized Exchangers". Since the value of eeeCurrency is determined by demand placed on it by users, if there is a surplus of users that want to exchange eeeCurrency to eGold, their transactions will be processed by Independent eeeCurrency Authorized Exchangers or private user to user transactions and the value of eeeCurrency will rise or drop relative to the demands of a market established for it.