Cross-border payments are on track to surpass $250 trillion by 2027, creating a huge opportunity for innovation. Remittix, a new PayFi protocol, is looking to grab a share of this space through merging blockchain and conventional finance.
Remittix, a new PayFi protocol, is merging blockchain and conventional finance to create a platform that will allow users to convert over 40 cryptocurrencies into over 30 different fiat currencies and transfer funds immediately to any bank account globally in one click.
This new protocol is looking to capitalize on the rapidly growing cross-border payments market, which is expected to surpass $250 trillion by 2027. Remittix will allow users to send out crypto and it'll be converted into local currency and deposited into the recipient's bank account all from one device.
The entire procedure is said to be easy and cost-effective and also makes sending cash over borders a simple process. Built on the blockchain, Remittix guarantees trust and transparency. Transcripts of transactions are held on a public ledger, which reduces the chance of fraud because payments are secure and irreversible.
Businesses will benefit too, with Remittix offering an efficient way to handle cross-border payroll for international employees and freelancers. The driving force behind Remittix is the $RTX token. This token not only powers the network but also plays a central role in the platform’s governance.
After a rigorous security audit by leading blockchain firms like Solidproof and BlockSAFU, $RTX has proven its reliability and safety. The team behind Remittix will also lock their team tokens and liquidity pool for 3 years, which showcases their long-term commitment to the project's success.
The price of $RTX tokens is presently at $0.0177 but the price is set to increase again in the coming days. Remittix is quickly becoming the fastest growing crypto presale in the space with nearly $1.5M being raised in just 2 weeks.
The launch price has already been confirmed at a minimum of $0.135 offering huge gains for investors in the presale alone. Several analysts expect the token to increase another 5,000% once listed on major exchanges. For people who wish to take part in a project with big potential, Remittix is a must-watch.
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