Key info
- Bitcoin rose nearly 1% in the last 24 hours and is now trading above $97,000.
- The Remittix presale nearly doubled in two weeks and has raised more than $11 million from investors.
Bitcoin Climbs to $97K in Weekend Rally
The cryptocurrency market recovered over the weekend, with Bitcoin and several major altcoins turning green after a period of weakness. This marks a notable improvement from recent weekends when Bitcoin struggled to gain traction.
The leading cryptocurrency by market capitalization rose about 1% over the past 24 hours and is trading above $97,000 per coin. At the time of writing the price of Bitcoin was $97,262 and could continue to rise in the near term.
Despite recent volatility, investors remain optimistic about Bitcoin’s medium- to long-term price potential. That optimism may also support confidence in altcoins, particularly projects building user-facing payment and financial infrastructure.
What Is Remittix?
One of the projects developing user-focused infrastructure is Remittix. In a market dominated by stablecoins, Remittix is building a PayFi platform designed to simplify crypto payments for everyday users.
According to its whitepaper, Remittix is a payment network that combines the best elements of traditional payment systems with decentralized finance. This hybrid approach is what the team calls PayFi.
Remittix aims to enable users to send fiat currency to any bank account worldwide using cryptocurrencies. The platform lets users connect their crypto wallets and send funds that recipients receive in their preferred fiat currency.
A notable feature of Remittix is its pricing transparency: there are no hidden fees or expensive conversion charges, and recipients will not necessarily know the original payment was sent in crypto.
How Remittix Works
Remittix is designed to be easy to use, making it suitable for both newcomers and experienced users in the crypto ecosystem.
To use Remittix, a sender provides the recipient’s bank details just as they would for a traditional bank transfer. The sender also enters the payment amount and the reference text that will appear on the recipient’s bank statement. Remittix then generates a quote showing the amount of cryptocurrency to transfer and the exact fees charged.
Once the quote is accepted, the sender transfers crypto to a unique deposit address. The platform converts the crypto into fiat and executes a bank transfer to the recipient.
After the transaction completes, the sender receives confirmation and can track payment updates in the Remittix dashboard. Payments typically reach the recipient’s bank account within 24 hours, with the full amount and reference included.
Remittix Presale Tops $11 Million
Remittix’s operational model has attracted investor interest. Over two weeks the presale nearly doubled the funds raised, surpassing $11 million and selling more than $449 million worth of RTX tokens during the process.
The presale target is $36 million. A total of 750 million tokens are allocated to the presale, with nearly 450 million already sold.
Remittix’s liquidity pool and team tokens will be locked for three years. The project also completed a full smart contract audit without issues, reinforcing its commitment to security and transparency.
The native $RTX token will launch on centralized exchanges and on Uniswap. Investors can participate in the ongoing presale by purchasing $RTX with USDT, USDC, or accepted cards.
RTX is currently selling at $0.0539 per token, with the next presale phase pricing set to rise to $0.0567.
Should You Invest in Remittix Now?
Remittix is building payment infrastructure that could change how users interact with cryptocurrencies. By making it easier to send crypto that arrives as fiat, the PayFi model could accelerate crypto adoption among mainstream users.
With over $11 million raised so far, the presale is progressing quickly and could conclude soon. The presale offers an opportunity for early investors to acquire RTX tokens potentially at a discount before they begin trading on centralized and decentralized exchanges.