RUBIUS REVIEWS

Unbanked person can be defined as some one or an adult who does not have an account at the formal financial institution such as the banks. In the world today,close to 25% or in every four people in the world almost 2 billion adults do not have a bank account and they do not have any access to formal financial services.

Many of this adults lives in the developing economies while some are immigrants that is belonging to such a country and most of them belong to the poorest 40% of the society. Many of these adults who does not have access to financial services are then force to operate either in cash or barter system and this promotes crime and corruption.

The reasons behind all these is because many of these banks have refuse to operate in most of the regions and their reasons is that they cannot comply with the Islamic banking laws and many of the adults are illiterate while some are very poor so they consider it not really important opening a bank in this kinds of areas.

Many of the financial systems put too much emphasis on trust and this trust issues have left millions of people unbanked and this has limit the economic development of the world.

They are many challenges faced by this group of unbanked people, such as it is difficult for them to receive direct deposits for any kind of services render to their employers,it is a challenge to save and transfer money securely and this is because they have no access to formal and safe financial services.

Most of them get trapped with intermediaries who use to get loans from the financial institutions,they end up charging them extravagant fees. This financial illiteracy of the unbank millions of population has become a huge hurdle as they stay financial excluded from the system.

They do not have access to debit card or credit cards,credit services and many of them. However,as they say goes every problems must have a solution to it. A blockchain based financial ecosystem can provide the much needed solutions to all these problems.

It is a simple shared platform that provide the environment of a bank inside the smartphone of the user thereby eliminating the need of a third party to transfer money. In the crypto world,every problem has a solution,cryptocurrency solves all problems, no trust involve,no interest or loans needed and it enables peer to peer payment, the solution is Rubius software. Rubius software is a software specifically designed for consumers and the software will soon be upgraded.

The main aim of this platform is to provide the whole world with an access to banking and also financial services through their software products. According to their whitepaper,all their products will be open source,free to use and will have a zero trust involved.

The products of this platform will make use of decentralized applications and they operate an existing blockchain platform such as the ethereum system.

THE RUBIUS PLATFORM

Rubius is the name of this platform and at same time the name given to the platforms cryptocurrency coin. This coins are cryptocurrency that operate in same way with bitcoin and the ethereum coins.

This platform is a blockchain software based system and their focus is mainly in developing cryptocurrency products,services and also the solutions that will help in advancing the blockchain industry and spur economic development.

The platform started as a software startup and then was transmitted into a new world bank that offers financial services to the masses through the process of their consumer facing software. In the banking sector today,we don't need any body to tell us that the banking system is drying with speed and this is where the rubius platform is needed because what the banking sector can not offer to the masses such as trust the rubius platform is fully ready to offer them to every one.

The platform will make use of the blockchain technology and provide every body in the whole world the essential financial services. Their main goal is to get 100% on quality and they will make available an easy to use software that will enable the mass adoption of cryptocurrency and the blockchain technology.

THE RUBIUS APPLICATIONS

This platform has some series of applications that it uses to carry out numerous transactions and they include

(1)Merchant software:. The platform plans to develop this in such a way that it could be used to facilitate trust less merchant services both in physical stores and also e-commerce market.

(2)Rubiex:.. This is designed to facilitate trading through the process of the platforms high quality user interface or their APi functionality.

(3) The smart escrow:.. The platform plans to develop an escrow with the help of the ethereum smart contracts. With this smart escrow,every users asset will be their cryptocurrency payment and they will be no need for any third party.

(4)Rubius smart loans:. This application is similar to the smart escrow and this is because both of them will make use of the ethereum smart contract to be able to conduct simple loan operations.

THE RUBIUS TOKENS

The rubius tokens are decentralized cryptocurrency that is based on the ERC20 token standard and their transactions are very simple ,safe and low cost. This tokens are autonomous digital currency that is supported by the ethereum platform and all the Ruby token transaction processed by the ethereum virtual machine. This helps to ensure transparency by the process of verification, recording and publishing all the transactional data.

Token name--- Rubius

Ticker symbole--- Ruby

Initial supply--- 300,000,000

Decimals--- 18

THE RUBIUS ECOSYSTEM

ICO DETAILS

TEAM MEMBERS

ROADMAP

CONCLUSION

This is an awesome and interesting platform with great concept. They plan to develop consumer facing financial software that will utilize cryptocurrency and the blockchain technology.

The primary product of the platform is Aryl and Aryl is an easy to use payment application that makes use of decentralized crypto wallets and also it provides access to the platforms cryptocurrency exchange which is Rubiex.

This platform looks promising with great team members and many more,I will advice every one to invest in this platform because it is the best platform I have come across. For more Information on this platform ,please follow the links below.

USEFUL LINKS

Website--- https://rubius.io

Ann thread-- https://bitcointalk.org/indrex.php?topic=3254617.0

Whitepaper-- https://www.ico.rubi.us/rubius-whitepaper.pdf

Twitter-- https://twitter.com/Rubius_Inc

Telegram-- https://t.me/rubiuschat

Facebook---- https://www.facebook.com/RubiusInc/.

AUTHOR DETAILS

BITCOINTALK USERNAME- IFEOMA

BITCOINTALK PROFILE LINK--- https://bitcointalk.org/index.php?action=profile;u=1616375;