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Lyris

Message 199 of 200

Date: Sun, 10 Jun 2001 17:38:37 +1000
Author: "Michael Moore" <goldtdy@bigpond.net.au>
Subject: eCurrencyTrade Association
Body: THE GOLD ECONOMY COMES OF AGE!

Over the past 5 years the gold
economy has grown from a fledgling e- gold pioneered by two lawyers
with a vision to an ever-expanding economy with more and more
market makers, several gold account custodians, a host of merchants
and many other associated businesses on the fringes. With a multi
million dollar yearly turn over Gold is now used as a transactional
medium for hundreds of uses. You can purchase anything from coffee
to computers, pay your phone bill, invest or gamble, pay salaries
or subscribe to periodicals. Originally e-gold, as the pioneer in
the field was the only gold supplier but now there are a variety of
suppliers available and a big range of exchange providers, market
makers and cambios to choose from. It is expected that this economy
will continue to grow by leaps and bounds over the coming years to
become a significant influence in the world markets and, as a
result of this, it has been recognized that a formal professional
standard of operation and service by exchange providers, market
makers and cambios should be put in place as part of the
preparation for the expected expansion and new influx of clients.

There are currently about 30 Market Makers, Exchange Providers &
Cambios (MMs, SPs &Cams) operating in the arena and it is now time
to bring them under one umbrella and not only give them the support
they deserve but help them to provide a standard of operation for
their clients of which they can be proud. This does not mean that
their individuality and style or even their pricing structure or
the healthy competitive spirit they enjoy will change. Quite the
contrary. It will lend them the support against fraud they need,
give them the status they have earned and provide a reliable source
of business through the eCurrency Trade Association (eCTA) web site
they desire. It will also satisfy the expectation of the public for
a standard of ethical behavior and professional conduct they can
rely on.

The pioneering days are now over, the gold economy is an
established fact and with over a million dollars a day turnover it
is time to move to the next stage.This will be the eCurrency Trade
Association Inc.

The Purposes of the eCurrency Trade Association include:

Provide and maintain a professional standard of ethics & guidelines
for the eCurrency and gold economy within which each member can
operate securely and their rights may be protected in order to
service their clients and customers and the gold economy
effectively.

Maintain a high standard of entry to the Association.

Promote and maintain the highest professional standards of business
conduct and practice among it's members

All remaining MMs, SPs & Cambios that have not yet applied for
membership in the eCTA are invited to do so and to receive
accreditation to demonstrate their bona fide status to the world at
large. Those who pass the application and the inspection of the
Board of Directors will receive their accreditation. This
application will need to be applied for on an annual basis.
Currently we have 13 Founding Members going through the
accreditation process. New customers and existing clients can
expect have their expectations met when they seek to find an MM or
SP or Cambio whom they can securely trust to provide the standard
of service they are looking for. They will be able to find
accredited members on the eCurrency Trade Associations (eCTA) web
site, currently being developed, or alternatively look for the Seal
of Accreditation on their existing providers site and, if that Seal
is not present, perhaps seek a site which CAN display the Seal for
their own security and peace of mind. The Association has also
included a purpose to seek out and expose scammers and those who
intend to commit fraudulent acts within the gold economy With
current and new process being put into place, the combined weight
of the members, affiliated businesses and contacts with the
authorities, considerable success is expected in this quarter.

The advent of the eCTA in the gold economy will be a boon for all.
MarketMakers, Exchange Providers, Cambios, Gold Suppliers,
Merchants, Service Providers and Clients alike. It will set the
future standard for the gold economy and will provide a criteria by
which the economy can be judged and respected by the mainstream.
Customers will be able to confidently pick the Market Maker,
Exchange Provider or Cambio of their choice knowing they have been
carefully screened, have come up shining and have a Seal of
Accreditation to show for it. The Market Makers, Exchange Providers
& Cambios will have an association that supports them and gives
them a status of respectability that encourages more business their
way and finally, the Gold Suppliers will see an economy
satisfactorily and stably expanding into the future mainstream.

This is what we mean when we say ... The Gold Economy Comes Of Age!

Michael Moore
Vice President (Pro Tem)
for the
Board of Directors
of the
eCurrency Trade Association Inc.

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Lyris