We are currently in the midst of an information technology (IT) revolution, and this has brought about a significant change in the way we view and use currency. Digital assets, Cryptocurrencies, Blockchain technology and The Quantum Financial System have emerged as the latest technologies that are disrupting the traditional monetary system.
The proponents of QFS are that it is a more secure, transparent, and efficient financial system that is based on advanced quantum computing technology. At its core, the QFS relies on the principles of quantum computing, which is a technology that uses quantum mechanics to perform complex computations. Unlike traditional computing systems, which use binary digits (bits) to store and process data, quantum computers use quantum bits (qubits), which can exist in multiple states at the same time. This allows for the processing and storage of vast amounts of data at incredibly fast speeds, making quantum computing much more efficient and powerful than traditional computing systems.
The QFS is also designed to be decentralized, meaning that it does not rely on a central authority or institution to manage the financial system. Instead, it uses a distributed ledger technology, similar to the blockchain used by cryptocurrencies, to record and verify financial transactions. This makes the QFS more transparent and reduces the risk of fraudulent activities.
The distributed ledger used by the QFS is known as a quantum ledger, and it is designed to be highly secure and tamper-proof. The quantum ledger uses advanced encryption algorithms to ensure that all financial transactions are protected from hacking and cyber attacks. Additionally, the ledger is designed to be highly scalable, meaning that it can handle a large volume of financial transactions without slowing down.
One of the key features of the QFS is its ability to eliminate the need for physical cash. All transactions are conducted digitally, using secure and encrypted protocols. This reduces the risk of theft and other criminal activities that are associated with physical cash.
The QFS is also designed to be highly efficient, with transactions being processed in real-time. This eliminates the need for lengthy settlement periods and reduces the risk of financial institutions being exposed to market volatility.
Another important aspect of the QFS is its focus on financial inclusivity. The system is designed to be accessible to everyone, regardless of their location, economic status, or other factors. Let take a look at a foundation that is recognized by the Union of International Associations (UIA).
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According to uia.org the YEM FOUNDATION was founded in 2017 in Las Vegas, Nevada with the aim " to serve as a global form of payment, a digital currency that would be an addition to the existing global financial system".
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Upon further research The Rainbow Currency (Read 10) also known as Your Everyday Money (YEM) is registered as a Non Profit Organization , under the laws of Nevada, USA. The YEM FOUNDATION serves as the regulatory authority for the digital currency YEM (Your Everyday Money). They take measures for protection and stability. Additionally, they represent the YEM to the International Monetary Fund, the United Nations, as well as governmental institutions (e.g. central banks) and nongovernmental organizations.
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In accordance with the statutes of the United Nations, the YEM Foundation has the status of an International Non-Governmental Organization (INGO) and is therefore listed in the Yearbook of the Union of International Associations (UIA) with the identification number "XM7617“ .
The YEM Foundation Board of International Directors (BID) is elected by all YEM holders in a democratic process every 3 years. The next election will take place in Q1 2024.
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The current BID consists of 7 board members. Additionally, the YEM holders decided to establish a Board of National Directors (BND). Each National Director will represent the YEM to the governmental and non-governmental Authorities in their country. Thus, every YEM holder is represented at the Board and at the same time the YEM Foundation is represented in all countries.
Amongst the BID of the YEM FOUNDATION we find Jorge Sebastiao who chief executive director for the Global Blockchain Organization (GBO) and highly recognized as the most influential person in Blockchain. Jorge is also Founder of EcoX which is the largest Blockchain, DeFi, NFT, GameFi, CBDC, digital assets, AI and CyberSecurity ecosystem. This ecosystem includes investors, startups, technology partners, education and events. EcoX Dubai possesses one of the most prominent networks in the industry, comprising top investors, prominent executives, and well-known thought leaders. EcoX’s meetups and events regularly gather the industry’s leading trendsetters.
The YEM FOUNDATION's Vice President and head of strategic planning is Dan Settgast who is CEO of TC Unterhaltungselektronik Aktiengesellschaft Which is a publicly traded company on the Frankfurt stock exchange specializing in protecting the data of all Internet users by offering software as a service (SaaS) in the fields of consumer verification (KYC), data protection (cyber security), and financial services (secure transactions in privacy).
Thanks to the constant efforts of the YEM Foundation, more and more governments and financial institutions across the globe are aware of our ‘authority friendly’ digital currency. Thus, YEM can be used as a legal form of payment in many countries. YEM is a by product of the Unicorn Network. YEMCHAIN is proud to be the first net-zero carbon blockchain . Thanks to the streamlined processing protocol (SPP), there is no energy wasted and on top, all servers are running on renewable energies. As a result, all transactions are executed in less than a second, and the maximum chain fee to be paid for a transaction is 0.1% of the transaction value.
What sets the Your Every Day Money or the Rainbow Currency apart from other digital currencies is its focus on inclusivity and diversity. The SAFEZONE is a fast-growing network of websites in which success is shared while setting new privacy, security, and quality standards on the Internet. The SafeZone is home of the YEM ecosystem before you can participate one must first obtain a PERNUM (PERsonal-NUMber) to be able to participate in the YEMconomy
Additionally, YEM is used as a store of value , and can be used as collateral and/or liability capital in business transactions. From smallest businesses to publicly traded corporations, YEM is functioning as a capital reserve and as a vital part of their liquidity and financial planning . The Rainbow Currency is designed to promote financial equality and eliminate any barriers that prevent people from accessing financial services.
The Rainbow Currency is not just a digital currency, but it is also a social project that aims to promote social harmony and create a more equitable world. The currency is supported by a global community of individuals and organizations who share the same vision of creating a more just and fair society.
However, obtaining Rainbow Currency is not as easy as some other digital currencies. Currently, YEM is only available on a few select exchanges like the YEMEXCHANGE or the DIGITAL EXCHANGE CENTER , users need to go through a rigorous verification process to acquire it. Despite this, the popularity of YEM is growing, and many users are actively seeking ways to get their hands on this unique digital currency.
In conclusion, the Rainbow Currency (YEM) represents a new era in the world of digital currencies, one that emphasizes inclusivity, diversity, and social harmony. If anyone is looking to get into the SAFEZONE please feel free to contact me for any assistance.
Godspeed!
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