How the Crisis of 2008 Inspired the FinTech Startup: Rubius Inc.
Rubius Inc.’s goal is to create a New World Bank and a better banking system using blockchain, cryptocurrency, digital wallets, and other innovative technologies. Interestingly, the financial crisis of 2008 inspired founder Joseph Rubin to start Rubius.
Rubin had a front-row seat to the crisis because his father worked in the finance industry. Like many Americans, Rubin saw his family lose a lot of money because of fraudulent practices at the big banks.
In an interview with a New York Times reporter, Rubin explained that “we had the financial crisis of 2007–2008, and then one year later Bitcoin was invented. Bitcoin didn’t emerge in 2009 out of coincidence. It was born out of necessity.”
The goal at Rubius is to make Rubin’s vision a reality. They want to bring secure, fast, and transparent financial services to the people of the world in the same way Amazon brings eCommerce to your doorstep. Rubin‘s dream is vast, therefore achieving it will take decades and require a lot of blood, sweat, and tears.