Remittix Raises $17M in Presale for PayFi Wallet Challenging Chainlink in Cross-Border Payments

Remittix (RTX), a blockchain-based cross-border payment platform, has raised $17 million in a presale ahead of its Q3 2025 wallet launch, signaling investor interest in its PayFi project. The funding, led by Leap Digital Investments, aims to accelerate development of the platform’s wallet, which will integrate real-time data verification to enhance transaction efficiency. Remittix positions itself as a competitor to established oracle networks like Chainlink (LINK), emphasizing its focus on remittances, freelancer payments, and merchant solutions. The presale highlights include support for 40+ cryptocurrencies and 30+ fiat currencies, a CertiK audit, and a wallet designed for instant crypto-to-fiat conversions [1].

Chainlink remains a dominant force in oracle networks, providing real-time data to smart contracts for projects like Aave and Uniswap. It currently holds a $12.44 billion market cap, with a recent price of $18.35. Analyst MarchandCone has forecasted potential for LINK to rise above $40, though he acknowledges the challenges of scaling an already high-cap asset. By contrast, Remittix’s lower entry price and presale model cater to investors seeking smaller-cap projects with speculative growth potential. The platform’s emphasis on remittance-specific features—such as decentralized identifiers (DIDs) and multi-currency support—aims to differentiate it in a crowded DeFi landscape [1].

The presale’s success underscores growing demand for solutions addressing the $19 trillion global payments market. Remittix’s wallet, set for Q3 2025, will prioritize user adoption and real-world utility over speculative trading. Key differentiators include instant settlement and a focus on reducing friction in cross-border transactions. However, Chainlink’s first-mover advantage, extensive enterprise partnerships, and proven infrastructure present a significant hurdle. Analysts stress that Remittix’s viability will depend on post-launch adoption rates, particularly in regions with high remittance flows [1].

While Remittix’s roadmap includes scalability and security measures, its ability to execute against these goals will determine long-term success. Chainlink’s dominance in real-time data feeds—handling trillions in transactional volume—remains a benchmark. For Remittix to carve out a niche, it must demonstrate not only technical reliability but also a compelling value proposition for users prioritizing remittance efficiency. The project’s presale reflects optimism, but sustained traction will require robust user metrics and integration into broader DeFi ecosystems [1].

Source: [1] [title: Leap Digital Investments] [url: https://leapdigitalinvestments.com.au]