Liberty Reserve Expands With Gold Backed Reserve Currency

"10/19/2007, Important Information, There are no M.L.A.T* treaties signed, or otherwise established between Costa Rica and the United States. HOWEVER, there are M.L.A.T* and cooperation agreements established and in force with the governments of the United Kingdom, Panama and many other countries. Unlike Liberty Reserve, which is registered in Costa Rica, any company that claims to be registered in Panama, United Kingdom or in any of the countries on the M.L.A.T* list is in fact in danger of being raided by US authorities and are just as vulnerable to unfair seizures as e-gold."

Alive and well living in Costa Rica, the Liberty Reserve system appears to be well out of "Angry Uncle Sam’s" grasp.

LR is a growing, popular digital currency system with operations similar to those of e-gold in the early 1990’s. However this system has some super advantages and the operation is run by a very experienced team. Their marketing skills, communication efforts and global reach are now paying off dramatically. When you compare the traffic numbers from Compete.com, you will see that LR has overtaken the previous second place contender e-bullion and is now gunning for the top e-gold spot. If busy & happy exchange agents are any indication of success, we might conclude that Liberty Reserve is at the pinnacle of success already. Low exchange rates, sci integration, multiple language demos and ads....LR seems to already have it all.

The company has just completed their gold backing accounts, so if you don’t already have a Liberty Reserve account, its officially time to get one. From the official Liberty Reserve Blog.

3/15 Important - gold backing, Liberty Reserve is working on adding gold backing. In addition to USD and EURO, a third option - gold backing, should become available later this year. We have successfully implemented and tested the software portion of this update. We are now in the process of research for the most reliable and cost effective solution for physical gold storage for our members. There will be an additional announcement made as soon as we are ready to accept orders from exchangers. We may enable our software to support displaying gold balances sooner, but please refrain from e-mailing us about gold backing until we make an official announcement. http://blog.libertyreserve.com/2008/03/important-gold-backing.html

6/25 Gold backing is coming, After a thorough and careful research we have found the best solution for our members for gold storage. We are in final stages of signing necessary documentation and preparing the allocated storage. The allocated storage will be audited twice a year and audit information will be publicly available on-line in the upcoming new version of Liberty Reserve software. Physical location of gold will be in Europe, under the management of well known and reputable metal depository entity. http://blog.libertyreserve.com/2008/06/gold-backing-is-coming.html

7/09 Gold backing, As we have promised, we have reached and signed an agreement for allocated gold storage. Once this option is enabled you will see a third balance (in grams) listed on your account. We are preparing updated instructions for exchangers for purchases of gold inventory. http://blog.libertyreserve.com/2008/07/gold-backing.html

7/15 Finishing all upgrades + gold backing, We are happy to announce that we are finishing all the upgrades. We have installed all the physical equipment and testing it now. Gold backing is now available as promised. We expect to be finished before the end of the day (GMT-6). http://blog.libertyreserve.com/2008/07/finishing-all-upgrades-gold-backing.html

7/16 Gold Backing, Please note that obligated to meet strict requirements of our gold backing provider for availability of service on-line and connection of gold price feeds, we are required to update slightly our software and provide you with uninterrupted service solution, which is currently being done through Prolexic. Our part has been done as we have promised before. We are now awaiting for Prolexic to to finish their installation routine. As soon as we get updated completion time we will post it here. We understand this may be frustrating to many, but please rest assured that these steps are necessary for the web site to work flawlessly in the future. http://blog.libertyreserve.com/2008/07/gold-backing_16.html

5 blog entries and updates in 4 months...now that is good communications with clients. One of the best traits of Liberty Reserve has been the constant marketing of the digital currency across many web sites in the past year. Ads appear in multiple languages, exchange agents are doing business locally in many countries and even the so called ‘investment’ program web sites have plenty of demo’s and screenshots showing how to get started or how to make a payment using a Liberty Reserve account.

This digital currency will no doubt be the most widely marketed currency since the Internet began. Visits are initiated when a user enters a site. As the user interacts with the site the visit is live. Visits are considered live until the user’s interaction with the site has ceased for a 30-minute period.

For instance, User A enters Yahoo at 9:00. User A checks their email and reviews the week’s weather forecast. User A then goes to a meeting at 9:30. She returns at 10:30 and checks her Yahoo email again. Since 30 minutes lapsed between her two interactions User A is considered "one person" that made "two visits".

DGCmagazine does not recommend or even condone any Internet ‘investment’ schemes ever. Costa Rica is still a sovereign nation and free to make their own laws- CR allows this DGC to legally operate.