Hello, people! There are thousands of opinions in the Web about why cryptocurrencies haven’t yet entered our everyday lives. The other day I was doing my research on the project called Rubius and it turned out that the answer to this question is so above water! We cannot use crypto in real world because there is no adequate interconnection between the two worlds. I mean the software of course. Rubius Inc intends to solve this problem by developing user-friendly software.
Today Rubius is an independent Ethereum-powered ecosystem represented by Aryl Wallet, Rubiex Exchange and empowered by the Ruby Token. Rubius in not as complicated as it may seem to be, so let’s take a closer look at it.
The main idea of Rubius is to change the whole banking system. The current one is based on trust. Rubius ecosystem is powered by cryptocurrencies other than fiat money, so it is possible to verify a transaction using cryptographic proofs instead of trust. It sounds much more secure, doesn’t it?
Aryl wallet is one of the elements of Rubius ecosystem. It has the built-in Volatility Shield which makes it possible to adjust the prices of any sort of goods to the current cryptocurrencies’ rates. It means that any shop can now accept cryptocurrency as a payment method with no risk of price slippage.
Having been an Ether-based d’App, Aryl wallet has the built-in Smart Loans system. It is clear that every loan agreement is represented by an immutable Smart Contract. I adore the idea of taking loans or borrowing money between the individuals with no intermediaries involved. This is what we are not allowed to do within the traditional banking system. This is also hoe Rubius oppose to it.
Several social media features are integrated in Aryl wallet. You can add friends and view their recent activity. It is also planned to add a messenger on the wallet.
Another part of the ecosystem is Rubiex exchange. The key feature is the interface which will be extremely intuitive and user-friendly. A person doesn’t have to be a professional trader in order to deal with it. For the further development it is planned to integrate the exchange with the stocks, fiat currencies and ETFs.
Rubius intends to bring cryptocurrency payments into physical shops as well as into online shops. So the team is working on the decentralized point-of-sale software. A special gateway will be installed to combine cryptocurrency transactions with the traditional ones (PayPal, debit/credit cards, Alipay, etc).
I think that this solution can be called all-in-one. I applause to the developers because they have arranged all the issues we face to with crycurrency payments.
Now Rubius has been going through the funding stage and any support will be appreciated.
For anyone interested:
official website: https://rubius.io/
Whitepaper: https://rubius.io/rubius-whitepaper.pdf
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=3254617.0
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1433110