Exchanging fiat currency
e-gold does not sell its currency directly to clients.
Instead numerous digital gold currency exchangers,
such as OmniPay (a sister company of e-gold),
act as market makers selling e-metal in exchange for fiat currency and a transaction fee.
Conversely, these exchange providers will sell fiat currency in exchange for e-metal, and a transaction fee.
In this manner e-metals can be converted back and forth to a variety of national currencies.
The amount of a particular fiat currency or e-metal necessary to complete a transaction is
determined by the spot price of the metal in relation to the value of the fiat currency.
e-gold is known as private currency as it is not issued by governments.
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