QFS operates on a Distributed Ledger Technology. It is NOT cryptocurrency or Blockchain technology.
• Quantum Qubits “interact” with every financial transaction anywhere in the world of finance to ensure that each transaction is legal, owner-intended and transparent. • Since Central Banks do not have the ability to “reconcile” old FIAT (paper) money into the new QFS system, all fractional reserve banking and central banking activities will cease.
• Every sovereign currency and every bank represents a separate Ledger in QFS.
• Data on all account holders, at all banks, in all 209 participating countries was downloaded into QFS in March 2017 and serves as a “Distributed Ledger”.
• QFS is designed for and ready to convert ALL bank accounts denominated in any Fiat currency anywhere in the world into a local asset-backed currency.
• QFS pings the originating Fiat currency bank account to ensure it is still valid, active, and operational at the time the exchange of fiat currency for asset-backed currency takes effect.
• After the successful ping of a local bank account, the fiat currency holdings are converted into the new local asset-backed currency on a 1:1 basis.It is NOT cryptocurrency or Blockchain technology.
• Quantum Qubits “interact” with every financial transaction anywhere in the world of finance to ensure that each transaction is legal, owner-intended and transparent. • Since Central Banks do not have the ability to “reconcile” old FIAT (paper) money into the new QFS system, all fractional reserve banking and central banking activities will cease.
• Every sovereign currency and every bank represents a separate Ledger in QFS.
• Data on all account holders, at all banks, in all 209 participating countries was downloaded into QFS in March 2017 and serves as a “Distributed Ledger”.
• QFS is designed for and ready to convert ALL bank accounts denominated in any Fiat currency anywhere in the world into a local asset-backed currency.
• QFS pings the originating Fiat currency bank account to ensure it is still valid, active, and operational at the time the exchange of fiat currency for asset-backed currency takes effect.
• After the successful ping of a local bank account, the fiat currency holdings are converted into the new local asset-backed currency on a 1:1 basis.
But wouldn't that still classify as a one world currency. This is something that we should really want to stay away from. Then again I also feel that a piece of plastic that can be used anywhere in the world translates to a one world currency, but what do I know....
Gold was a one world currency/monetary system too, you're seeing problems where there is none. The real threat here is them taking away control over your own wealth.
Is there a link to this story or information that you can share? Seems interesting...
QFS is a scam, bro
But it's still electronic and thus puts us at risk
Should we trust you, bro?
QFS has about 10 years at minimum to be a viable alternative. And crypto projects definitely will be able to upgrade to accommodate.
For one, the only working quantum computer requires it to be near absolute zero temperatures, which uses way too much power and requires a massive facility. Second, quantum technology is too infantile to have any practical use today. They can't even create a solidified encryption method using quantum technology.
https://arstechnica.com/information-technology/2022/08/sike-once-a-post-quantum-encryption-contender-is-koed-in-nist-smackdown/