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Whales Shift to Remittix (RTX), Rival to XRP in $190T Payments Market

Coin WorldTuesday, Feb 4, 2025 6:27 pm ET

1min read

Solana whales, known for their significant investments in the high-speed transaction and NFT-focused blockchain, are now shifting their focus to a rising PayFi contender, Remittix (RTX), which is seen as a rival to XRP in the massive $190 trillion payments space.

Remittix (RTX) has accumulated over $10.5 million and sold approximately 430 million tokens, currently priced at $0.0521. The project is gaining recognition for connecting cryptocurrency with daily financial transactions, making it an attractive option for whales looking to capture a share of the cross-border payments market.

While Solana (SOL) is renowned for its quick confirmations and low transaction fees, attracting DeFi developers and NFT collectors, whales are now interested in real-world applications. The $190 trillion payments market presents an opportunity for altcoins that aim to simplify money transfers for both businesses and individuals, and Remittix (RTX) is focusing its efforts on bridging fiat and cryptocurrencies.

Remittix (RTX) is considered a "rival to XRP" in the $190 trillion payments market because it targets everyday users rather than large financial institutions. By offering a low-cost crypto-to-cash solution, Remittix could potentially serve numerous unbanked or underbanked people in regions like Africa, Asia, and Latin America, making it an attractive investment for whales.

As whales betting on SOL's success see greater potential in PayFi, it could indicate a shift in the market's focus from pure chain performance to everyday utility. With Remittix (RTX) raising more than $10.5 million and selling over 430 million tokens, it is well-positioned to appeal to everyday consumers, small businesses, and freelancers seeking seamless, low-cost transfers.

While Solana remains a powerhouse in NFTs and DeFi, whales are looking for the next altcoin that can penetrate real-world markets. By targeting the same area as XRP but from a more grassroots perspective, Remittix (RTX) could become a formidable competitor in the altcoin arena, bridging the gap between crypto and traditional finance.

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