Prospects of the gold-secured digital payment systems

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PDF: Author(s): Kozenko Yu. A.,
Number of journal: 4(25) Date: November 2013

Currently, digital payments become an independent systematic element of the payment systems of the countries development. The emerging universal payment substance as one of the forms of its manifestation can be the relayed gold that required the use of the volume-cost device for its display in the account. Since the beginning of the practical application of the proposed concept, the payment system of each state applying it will include an extra link dually displaying the payments. On the one hand, any payment made in the system is initially supported by the physical gold bullion that actually exists; on the other hand, this action is originally destined to only digitize the form of its implementation.


digital payments, universal payment substance of the live gold, space-cost device, global payment system

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