17 July 2002 - GoldMoney is pleased to announce that it has been awarded US Patent No. 6,415,271 by the US Patent & Trademark Office.

Entitled "Electronic cash eliminating payment risk", the patent describes a system and method to allow gold to circulate as digital cash through a global computer network such as the Internet and/or private communication networks, in both hardwired and wireless systems, much like cash currently circulates in the physical world.

This new patent is the third patent awarded to GoldMoney. It is a continuation of US Patent No. 5,671,364, which was the first in a series of patents and still pending patent applications by GoldMoney, the inventor of digital gold currency.

* * * * * * * * * * * * * * * * * * *

GoldMoney is digital gold currency - gold in digital form that can be spent and transferred electronically. By converting the world's oldest money into a new and much-needed digital currency, GoldMoney allows consumers, merchants and consumers to avoid the intrusion and expense of credit cards as well as the hassle of using conventional fiat currencies online. GoldMoney founder, James Turk is the creator and GoldMoney is the patent holder to this asset-based online transaction system. GoldMoney services can be accessed at GoldMoney.com.

For more information contact:
James Turk
Founder, GoldMoney
info@goldmoney.com