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About Liberty Reserve Ltd
Liberty cash is an electronic currency that will be issued by Liberty Reserve, a Nevada corporation, which will be backed at all times by the Liberty Reserve Trust. Liberty cash is integrated into an account based payment system that empowers people to use Liberty Cash as money. Specifically, the liberty cash payment system enables people to spend liberty cash to other liberty cash accounts. Only the ownership changes - the funds in the trust remain.
The World Wide Web needs worldwide money. Liberty Reserve was created in response to this need. Most financial value will migrate to cyberspace over the next few years. Liberty Reserve is ready so that you can be too.
liberty cash is borderless
Liberty cash may be spent to any other liberty cash account anywhere in the world.
liberty cash is quick
Liberty cash payments clear instantaneously (with no charge-back risk), no matter how large the payment, no matter how far apart the spender and recipient.
liberty cash is cost effective
Payer pays only 1% of the transaction amount for spends (within the Liberty Reserve system) less than or equal to US $25 worth of liberty cash. Liberty cash is well suited for micro-payments.
Payer pays a flat USD 25 cents worth of liberty cash for (same) spends greater than US $25 worth of liberty cash, no matter how large the payment.
An out-exchange (converting liberty cash into another currency such as dollars) via check, wire, money order, etc. costs 4% of the exchanged amount (3% for qualifying merchant accounts.)
There is no fee for an in-exchange (converting another currency into liberty cash) and there are no annual or monthly account fees.
Benefits all users of money
The target market for liberty cash is simply people who use money. How do you presently use money? Chances are any of these activities would benefit from the increased soundness, security, efficiency, and lower cost of liberty cash. Here are some examples of how liberty cash is presently used:
Online auctions
no e-commerce
business to business payments
clients with frequent transactions will enjoy lower fees (upon approval)
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;
it costs absolutely nothing to open a Liberty Reserve account;
point of service sales
Charitable donations
Reimburse friends, roommates, family members
Send money to a family member in need
Payroll
Gifts, pay your bills, make anonymous or secret payments
Primary reserve for other electronic currencies
It costs nothing to open a Liberty Reserve account. There is no credit check. There is no minimum balance requirement.
In short, you are minutes away from opening your first liberty cash account.