Important Update On Eco-6 LUMI (Swiffin Transact) Listed!

Swiffin

The Executive and President of the Swiffin computerized platform, Dr. Linus Etube has recently uncovered that the official currency for the African Diaspora 6th region (ECO-6) Lumi and the digital money of Nigeria (the e-Naira) will be recorded together on same platform.

Speaking via a virtual meeting, Dr. Linus stated that discussions with the Nigerian financial authorities especially the Central Bank and other financial institutions to get the approval to adopt the e-Naira into the Swiffin ecosystem. He said, at the moment, discussions are going on but they’re better kept low until something reasonable comes up.

Stressing further, Etube said, the number of Swiffin users in Nigeria surpasses that of the indigenous users of the e-Naira, though without a Verifiable data source.

eNaira

The Lumi Currency conversion and integration as well as the implementation and enforcement of the ECO-6’s Exchange Rate Mechanism (ERM) commenced yesterday with the official launching or unveiling of a new digital transactions wallet “Swiffin Transact”.

As part of it’s efforts towards getting the Lumi currency accepted globally, the ECO-6 authorities and the Swiffin digital platform are currently discussing with some countries in South America and the Federal Government of Nigeria to get Lumi integrated and accepted widely. Although Etube refused to disclosed the South African countries that are discussing with the ECO-6.

getting e-Naira listed on the swiffin transact will be the beginning of a stepping stone.

In case you are not aware

Denominated in naira, the eNaira serves as both a medium of exchange and a store of value and claims to offer better payment prospects in retail transactions when compared to cash. 

The eNaira was launched and activated on 25 October, 2021 by President Muhammad Buhari, under the slogan: “Same Naira, More Possibilities”.

The LUMI is the official currency for the Economic Community of the African Diaspora 6th Region. Underwritten by solar energy through power purchase agreements, the currency is worth 100Kwh of solar energy, with a fixed valuation at 4 grains of gold (0.2592 grams) for 1 AKL. The lumi is no longer used as the Accompong currency. 

It is now issued by the African Diaspora Central Bank since the Central Solar Reserve Bank was destituted by Colonel Richard Currie when he replaced Colonel Ferron Williams as the new elected Head of State for Accompong.