Buy Pecunix from Goldtotem             Sell Pecunix from Goldtotem


Meaning of Pecunix
The word "Pecunix" is a clever construction of pecunia, from the Latin meaning property, wealth or money, with an engineering twist ix, from the late Latin, excambiare meaning to exchange or barter added. So Pecunix actually means "The exchange of wealth or money".

Nature of the e-currency
The gold based currency Pecunix is 100% underwritten by gold at all times. In other words, every currency unit in the Pecunix system is supported at all times by an equivalent amount of gold, which itself is stored in an independently monitored, internationally approved storage vault.

Gold storage
The Pecunix gold is stored by the Anglo Far-East Bullion Company (AFBC) in Zurich, Switzerland. The councillors of the Pecunix Foundation, which holds the gold bullion, are: the Anglo Far-East Bullion Company, BDO Vanuatu and Pecunix Incorporated.

Country of incorporation
The domicile of the Pecunix Foundation is, Via Cincuentenario, Edificio Bay, Suite 13 Panama, Republic of Panama. Pecunix Inc is also a Panamanian International Company (IBC). Company news link: https://pecunixventureholdings.com.

Date of creation
This Gold Based Internet Currency - or GBIC - was created in 2002. Concerning the number of account openings, it places Pecunix fourth of the major online gold currencies.

Accounts security
Pecunix offers exemplary account security with their PIK interface and PGP test phrase for logging in. The Emails to and from the Pecunix system are encrypted with PGP keys. Pecunix has never had a security breach of any kind and never had an account emptied by trojan or copycat type attacks. Its state of the art automation uses PGP security as an integral aspect for privacy and security.

Servers location
Data for the Pecunix system is stored on servers which seem to originate in New Zealand based on their IP addresses (good privacy for those outside New Zealand).

Current fees
- Account opening: free
- Storage fees: 0%
- Payment fees: 0.50% of the payment amount up to 100.00 GAU (grams of gold) and 0.15% of any amount over 100.00 GAU to a maximum fee of 3.00 GAU
- Fees repartition: 3 options - payer pays fees, payee pays fees, or the fee is divided 50/50 between the two.

How to open a Pecunix account?
To open a free Pecunix account, click on the logo

Founder
Pecunix was founded by Simon Davis. He now operates Pecunix.com, PVCSE.com, Gold-Cart.com and Garzoo.com.