In age of commerce and trade and the coronavirus we are now seeing a broader push towards a cashless society. A society where unstable fiat money will be replaced by digital currency in some form or other . Fueling the fears of those who watch with a weary eye a future full of robots and A.I who will ultimately destroy and enslave mankind. And those who see it as a means for countries to finally unite in a Star Trek utopia of fair trade the elimination of borders and mankind utilizing our finite resources to expand beyond the globe.
IN STEPS THE AFRICAN LUMI
With the announcement of the eradication of all African debt by the African Kingdoms Federation head Queen Sheba iii I did some investigating.
HERES WHAT I FOUND OUT
What history I could find out once I got through the doubters and haters and those who just don’t want the currency to succeed was interesting to say the least .
the African Kingdoms LUMI from the word luminous symbolizing the sun (RA) it is a digital and physical currency for the Economic Community of the African Diaspora 6th Region which is an economic region of the Kingdoms Federation (there are six) . It is issued by the Africa Diaspora Central Bank but the frame work for the currency was originally established within the Bank Act of Accompng in 2014. Which considers itself an autonomous region within the Jamaican territories .
WHAT IS THE LUMIS VALUE HOW IS IT BACKED?
The lumi is backed by one hundred kilowatt-hours of solar energy. The currency valuation against gold-grains is a parity of 1-to-4, in other wards LUMI equals the market value of 4 grains of gold ruffly 1 lumi to $15.96 American dollars and holding .The fact this digital currency is backed by both solar and gold separating it from petroleum based currencies like the Kuwait Dinar and the Oman Rial establishes the lumi as potentially being the only prime currency not subject to wars climate change and a host of other problems fiat and crypto currencies face.
PLATFORMS AND DISTRIBUTION OF THE LUMI
The AFK (African Kingdoms Federation) Lumi is currently circulating in 142 countries in fledgling markets . Amongst those markets and platforms is the SWIFIN Platform which is listed as a multi-tenant core banking and we shop platform with real payment collection services. With services that include a branded mobile app, online portal, agency banking and branded cards allowing easy access and swift payment options for merchants . It also has something called Open RESTFUL API Service which allows all Account holders to automate payment processes and to develop their own payment processing interfaces to build the connected Digital Finance Ecosystem.Transactions services available via traditional payment channels are also available via API to facilitate transactions automation for local and international payments across the exchange. I did one exchange with a half a lumi conversion to a Kenyan shilling and the app flawlessly did the exchange . And being that it’s a new platform no interest charged.
CLOSING THOUGHTS
First I have to applaud the engineers of this currency and it’s bold statement .Given time this currency trading at 1 lumi to $15.96 American dollars giving africa its first stable currency to piggy back local currencies to . Potentially building the African continent back to the legendary status of the olden days of when kush , benin ,greater Zimbabwe ,Timbuktu, Egypt , Mali and on and on were economic super powers that the likes of plyni , strabo, Aristotle, stephanus of Byzantine and the first colonial powers who flocked to Africa Inorder to take the wealth and knowledge there. If the continent can navigate the tyrannical bank which prohibited African country's from monetizing its vast resources that literally supply and enrich the whole globe. And it’s leaders who refuse to step up out of fear and some times greed to the mighty European and American systems giving its untouchable resources and land truly we may be witnessing a rise of a super economy . MAY RA’s RAYS BLESS AFRICA
