Ethereum News Today: Remittix Raises $16.4 Million in RTX Token Presale

Remittix, a blockchain-based payment platform, has successfully raised $16.4 million through the sale of 555 million RTX tokens at $0.0811 each. The presale, which concluded by July 18, 2025, has garnered significant attention and support from the community, positioning Remittix as a key player in the crypto-to-fiat market.

The platform aims to revolutionize payment infrastructure by enabling seamless crypto-to-fiat transactions globally. This initiative allows users to pay fiat into any bank account worldwide using crypto, simply by connecting their wallet. Remittix's focus on user-friendly financial infrastructure and its emphasis on product functionality have resonated with early adopters, despite the absence of named leadership.

The presale required participants to use ETH or USDT on the Ethereum network, which may have influenced Ethereum flows due to the high demand for participation. The project's success is evident in the robust community response, which has been driven by the platform's promise of low-fee transactions and DeFi utility. Remittix supports over 40 cryptocurrency pairs and more than 30 fiat currencies, making it a versatile option for cross-border payments.

Remittix's non-custodial wallet has been audited by CertiK, ensuring the security and privacy of users' funds. This focus on security and privacy, combined with its low fees and wide range of supported currencies, positions Remittix as a strong contender in the crypto-to-fiat market. The platform's development team has been working intensively behind the scenes, and the success of the presale indicates that Remittix is well-positioned to capitalize on the growing demand for efficient and cost-effective cross-border payment solutions.

Looking ahead, Remittix plans to integrate staking and API functionalities, which could further enhance its total value locked (TVL) and market presence. The platform's alignment with projects like Ripple, but with a stronger DeFi focus, positions it to potentially impact related DeFi protocols. As Remittix continues to develop and expand its services, it is likely to attract more users and investors, further solidifying its position in the market.