Rubius: Instant Fiat Conversion

stazhao (61)in #bitcoin • 6 years ago

As a person who writes primarily as a freelancer for crypto projects, I often receive my payment in cryptocurrencies. While bitcoin is somewhat resilient against extreme volatility, ethereum and other coins can move as much as 5% in an hour or 20% in a day.

Most projects hiring freelancers are built on top of the Ethereum blockchain and naturally their payments are in ETH. AS some one whose job involves ETH payments, I get some serious anxiety when my pay comes in. There is a looming worry that maybe ETH could drop by a few percent in the time I am able to transfer it to an exchange and sell it for fiat. Volatility in a monthly earning can mean less money to pay bills if there is a sudden drop in price.

This anxiety is justifiable because ETH's price can fluctuate a lot and can easily drop 3% in minutes. Losing 3% of a month's income means I lose the earning of 1 day's work. Because of this, I am really looking forward to the launch of the Aryl wallet by Rubius.

Instant Fiat Conversion

Rubius is making a much-needed feature in its Aryl wallet. This is the first wallet that will give users the ability to protect themselves from volatility. Rubius has called this feature the Volatility Shield.

Anyone can download Aryl and benefit from this amazing feature. Aryl users can activate the Volatility Shield and all incoming cryptocurrency transfers will be instantly converted to fiat or stable coins. This means that all the people who are employed by crypto projects and are paid in ETH or BTC can now peacefully receive their payments. As soon as their payment is deposited into their wallet, Aryl's Volatility Shield will take over. There won't be any need to rush to an exchange with a fast-beating heart, anxious eyes, and sweaty palms, hoping to secure fiat before ETH drops. The volatility shield is the best anxiety pill for people like me!

Aryl solves a real problem from the moment it will launch. While a lot of ICOs are targeting theoretical solutions, it's good to see that Rubius is developing something that will provide immediate benefit to a lot of people.

The cryptocurrency market and community are growing and as digital currencies become more popular, more jobs are likely to participate in crypto-based payments. This is particularly true for jobs that involve freelance work because freelancers work with clients across borders, and cryptocurrencies are very convenient ways providing cross-border pays. This means that Aryl can expect a growing userbase over the years.