Recover from failed engagement, build cryptocompliant product, attract talent
Ruby on Rails development, localization support
Product rebuild, validation, process implementation, CRA license acquisition
Image of the Rain homepage
Their mission is to provide an exchange that is internationally respected for its dedication to security, compliance, fair pricing, and user experience. Rain believes in the ability for Bitcoin and cryptocurrency to change the world for the better. Their team is dedicated to providing the tools and structure to do so in the Middle East.
Quote about the work on Rain
With that in mind, they set out to develop their product in Ruby on Rails to quickly meet compliance regulations, as well as attract talent. After a failed engagement with another firm, Rain wanted to work with Ruby on Rails experts with a long track record of launching successful products.
The team at Rain had been in contact with thoughtbot on and off since the initial conception of their product. Rain's founders were impressed with thoughtbot’s design expertise and “Silicon Valley standard” process for product development. When it came to meeting their standards and providing Ruby on Rails expertise, Rain knew thoughtbot was the best option available.
The team at thoughtbot developed a Rails app to replace the Go rendered pages, which let Rain build out their user interface more quickly. Instead of using a database, this Rails app consumed the Go API and also provided Rain with localization programming necessary to meet language, cultural, and legal requirements dependent on their audiences specific locale.
The team at Rain then began user research and testing. The first 50 customer reactions were recorded and analyzed, leading to nearly 1,000 action items. Using this information, Rain was able to efficiently validate their product and iterate to meet client needs.
After 3 months of collaboration with thoughtbot, Rain developed a research-validated, user- tested, peer-reviewed product that was ready to begin serving their client base.
Image of the Interface of the Rain Mobile application
Thanks to the relentless vision of their talented founders, they were able to pull through a failed partnership and flourish with support from product experts at thoughtbot. Moving quickly and efficiently, thoughtbot's team provided Rain with product development expertise, a process-driven approach, and collaborative structure to set the groundwork for them to serve their customers and continue iterating over time.
In July 2019 Rain acquired their Crypto-Asset Module (CRA) license from the Bank of Bahrain (CBB) and officially went live.