Key takeaways
- Remittix is a new PayFi project that allows users to pay fiat into any bank account worldwide using crypto.
- The project has raised over $5 million in its presale, selling over 284 million tokens.
What is Remittix?
The cryptocurrency space is evolving thanks to its never-ending stream of innovation. The industry has already seen the emergence of narratives such as DeFi, RWA, and several others.
Remittix is ushering in another era with an interesting narrative: PayFi. According to the team, Remittix is a payment network that merges the best parts of traditional payment systems with decentralized Finance. The merger of these two is called PayFi.
Remittix will allow users to pay fiat into any bank account worldwide using crypto. The platform will empower users to easily connect their crypto wallets and send cryptocurrencies to recipients who can receive the money in their preferred fiat currency. The best part of Remittix is that there are no hidden fees, no expensive conversation rates and the recipient will have no idea the original payment was sent in crypto.
How does Remittix work?
Using Remittix is not complicated, and it is suitable for both novices and experts in the crypto space. The development team explained the platform’s working model in their whitepaper.
The first step is to enter the recipient’s bank details into Remittix, just like you would for a standard bank transfer. The sender must also enter how much they want to pay and the payment reference to be displayed on their bank statement. Remittix will generate a quote for the sender and show the amount of crypto to transfer and the exact amount charged in fees.
Finally, the sender transfers the crypto to the unique deposit address provided. The crypto will then be liquidated and transferred to the recipient via bank transfer.
After a successful payment, the sender will be given a receipt. Updates about their payment can be found in the Remittix dashboard. Typically, payments will arrive at the recipient’s bank account within 24 hours. The full amount will arrive, and the reference will be included.
Remittix presale surpasses $5m
Remittix is a cross-border payment project that could revolutionise how users send money via cryptocurrencies. As a project with huge potential, Remittix has already raised over $5 million in its presale.
According to the team, the presale target is $36 million, with over 105 raised so far. There are 750m tokens available in the presale, with over 284 million tokens sold already.
Furthermore, the liquidity pool will be locked for 3 years, and the team token will also be locked for 3 years. Remittix has undergone a full smart contract audit which was passed with no issues within the contract, further solidifying their commitment to safety and transparency for their customers.
Remittix will launch the RTX token on top centralized exchanges and on Uniswap. Users can buy the RTX tokens using USDT, USDC, and accepted cards.
The RTX token is currently sold for $0.0282 per token, with the price set to increase to $0.0297 in the next presale stage
Why buy the RTX token now?
Remittix is an exciting PayFi project that could boost crypto adoption by making it easier to send crypto to others as fiat. The project has raised nearly $5.5 million so far, with over 284 million tokens sold.
As a project, Remittix offers numerous benefits to users, including lower fees, faster processing, transparency and security, flexibility, streamlined operations, and financial inclusion.
The presale is an opportunity to buy the RTX tokens at a possible discount price before it starts trading on centralised and decentralised exchanges.
