On Jan 7th 2018, the cryptocurrency market capitalization reached an all the high of $828 billion, bitcoin and other top cryptocurrencies where constantly on the news, with the astonishing increase in popularity of cryptocurrencies, the adoption and daily use of cryptocurrencies is still a far cry.
The first cryptocurrency, Bitcoin was designed to be used as a preferred means of exchange against the traditional fiat currencies but today what cryptocurrency is used majorly as a tool for investment, despite its obvious superiority as a means of payment.
REASONS INHIBITING THE USE OF CRYPTOCURRENCIES
HIGH VOLATILITY: Cryptocurrencies are too volatile and therefore unfit to be used as a medium of exchange for business. Like I stated earlier the cryptocurrency market capitalization was over $828 B just this January and currently as below $200B. The volatility makes individuals and firms ignore cryptocurrencies as they can't handle the uncertainties of price fluctuations.
HIGH TECHNICALITIES: Most people don't understand how to send and receive cryptocurrencies, existing wallets are not user-friendly and complex, which usually discourages newbies.
A Blockchain based company known as Rubius is addressing these issues, they have devised a way to enable individuals to use crypto without been affected by the volatility.
WHAT IS RUBUIS
Rubuis is a company with the aim of reducing the population of unbanked people in the world by creating a user-friendly platform for accepting cryptocurrencies.
The rubuis platform is a complete ecosystem for financial services as it consists of Rubiex exchange, Arly wallet, and the Rubuis coin.
Arly is not just another crypto wallet, it protects your funds from volatility, on Arly wallet you can specify a stable coin or fiat you want you funds to be covered to once received, your clients can pay you in Ethereum, Bitcoin or other cryptocurrencies and the funds will be covered on the Rubiex exchange and you get the equivalent in fiat, stable coins or any crypto of your choice.
Arly is user-friendly with some many amazing features, like volatility shield, in-app messaging, ability to connect to friends, exchange features, as well as normal wallet, features allowing users to send and receive funds.
The Rubuis Token
The Rubuis token is the currency for the platform, it would be used for payment of fees and commission for both the Rabiex exchange abs Arly wallet. The total supply of Rubius is 300m and 70% will be available for the token sale. The token sale is still on and you still have the chance to get the Rubuis token at a discount rate.
CONCLUSION:
Rubius is not just reducing the number of unbanked people in the world, its also increasing cryptocurrency adoption and usage. With Rabius platform you can walk into a retail store purchase goods worth $15 and the seller will be willing to accept payment in ethereum or bitcoin. This project is relevant and will good for cryptocurrency industry.
STAY CONNECTED
WEBSITE: https://rubius.io
TELEGRAM: https://t.me/rubiuschat
TWITTER: https://twitter.com/Rubius_Inc
PUBLISHED BY: OGHENEJIVWE PATRICK
Bitcointalk Username:Jivwe
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1718700
Eth Address:0xAE0bc183fF3dfd2022142c2E914CD55D56EDA438