E-gold online payment system has announced that the U.S. Government has taken an important step towards implementing the Value Access Plan (VAP). According to the online payment processor the Value Access Plan (VAP) allows access to e-metal account value. Also the VAP permits owners of VAP-Qualified Accounts to be paid in U.S. dollars their proportionate share of the monetized value of the e-metals in their Accounts.‪ ‪ 

“Specifically, we have learned that the Government has nominated a Claims Administrator to oversee the VAP.  The Government is expected to apply for court approval of that nominee soon. Pursuant to our agreement with the Government, once the Claims Administrator is appointed by the court, we can provide our Account holders with notice of the launch of the VAP on this website and instructions on how to submit VAP claims,” says Douglas Jackson in his blog.  

A VAP-Qualified Account is one (1) that does not contain value derived from suspected illegal activity; (2) as to which all required customer information has been provided to, and verified by, e-gold Ltd.; (3) that consents to having a VAP claim processed, which involves our transmission of all  VAP-required customer information, account number, e-metal balance and monetized value to a Court-appointed Claims Administrator; and (4) after review by the Court-appointed Claims Administrator and the U.S. Government, is not disqualified by either of them on the basis of (a) known engagement in criminal activity, (b) activity relating to terrorism; or (c) residence in a country (other than Iran) subject to Office of Foreign Assets Control sanctions that would prohibit the Claims Administrator from paying the claimant.