WELCOME TO THE RUBA ECOSYSTEM.
Ruba is a stable cryptocurrency, empowering you to save, invest and spend securely without the fear of currency depreciation.
Who ever controls your means of saving, spending, or investing, indirectly controls you. Take charge now by joining the stable Ruba Ecosystem.
Let's Take you on a little Economics class!
WHAT IS A FIAT CURRENCY?
A fiat currency is a type of currency that is not backed by a physical commodity, such as gold or silver, but is instead backed by the government that issues it. Fiat currencies derive their value from the confidence that people have in the government's ability to maintain its value and to fulfill its obligations.
Fiat currencies are legal tender and are accepted as a means of payment by the government that issues them and by its citizens. The value of fiat currencies is determined by market forces, including supply and demand, and the economic and political stability of the country that issues the currency.
Examples of fiat currencies include the US dollar, the euro, the Japanese yen, the British pound, and Nigerian Naira. In contrast, commodity-backed currencies, such as the gold standard, derive their value from the underlying commodity.
There are several disadvantages of fiat currency like the Naira but we will focus on a few.
Inflation
One of the biggest disadvantages of fiat currencies is the risk of inflation. Because the value of fiat currencies is not tied to any underlying commodity, governments can print more money at any time, leading to an increase in the money supply and potentially higher prices for goods and services.
Lack of backing
Unlike commodity-backed currencies, fiat currencies are not backed by any physical commodity. This means that their value is purely based on the trust and confidence that people have in the government that issues them. If that trust is lost, the value of the currency can plummet.
Vulnerability to government policies
Governments can manipulate fiat currencies through their monetary and fiscal policies, such as interest rate changes and tax policies. This can lead to economic instability and uncertainty.
International trade imbalances
Fiat currencies can also lead to international trade imbalances, as countries can manipulate their currencies to make their exports more competitive or to reduce their imports. This can lead to trade wars and economic conflicts.
MEET RUBA
THE GAME CHANGER
Ruba has emerged as an alternative to fiat currencies and offer several potential advantages over traditional currencies, particularly in addressing some of the disadvantages associated with fiat currencies.
Inflation
Ruba has a limited supply that is predetermined by our blockchain algorithms, which means Ruba is not subject to inflation caused by governments printing more currency.
Decentralization
Unlike fiat currencies, Ruba is decentralized and are not controlled by any single entity. This reduces the risk of government manipulation or policy changes that can lead to economic instability.
Transparency
The blockchain technology that underlies most cryptocurrencies provides a high level of transparency and security, making it difficult to counterfeit or manipulate the currency.
Borderless transactions
Ruba facilitates borderless transactions, making international trade and commerce more accessible and efficient.
User control
Ruba gives users greater control over their funds, as they are stored in a digital wallet that is controlled by the user, rather than a centralized institution. This reduces the risk of bank failures or government seizures.
Join a community of millions.
1.4M+
ACTIVE ACCOUNTS
12.9M+
TOTAL RUBA CIRCULATING
$12
AVERAGE RUBA PRICE
Ruba was created with you in mind! Join us and flex with peace of mind.
UPCOMING EVENTS