Gold & Silver Reserve, Inc. (G&SR), a Delaware Corporation, developed and deployed the e-gold payment system in 1996, and through 1999 administered both payment settlement and currency exchange. In January 2000, the core e-gold roles of Issuance and Settlement were devolved to e-gold Ltd., a Nevis W.I. company created specifically to serve as the General Contractor responsible for performance of the e-gold Account User Agreement. This separation of roles was designed to further assure e-gold's freedom from default risk and finality of settlement by dissociating the e-gold Issuer from business risks relating to exchange.

G&SR, Inc. continues to serve as Operator of the e-gold payment system, as well as offering its own innovative set of hybrid currency exchange services, known as OmniPay.