XRP News Today: Remittix Raises $15.8 Million, Aims to Revolutionize Global Payments

An emerging cryptocurrency, Remittix (RTX), is gaining traction among analysts who see its potential to transform global payments, similar to Ripple's XRP. The token, currently valued at less than ten cents, has raised $15.8 million in a capital raising exercise, falling short of its $18 million soft-cap by $2.2 million. The project aims to provide a faster, more cost-effective system for settling international transfers, targeting individuals first before expanding to financial institutions.

Remittix's innovation lies in its live crypto-to-fiat engine and the upcoming PayFi wallet, which is in lightning beta. This wallet enables users to convert cryptocurrencies into local fiat currencies quickly and at a low cost. For instance, a freelance designer in Nairobi could convert Bitcoin into pesos for her family in Manila in about ten seconds, with charges trailing beneath a cent. Each transfer destroys a small amount of RTX and credits micro-fees to holders, creating a deflationary loop that could drive up the token's value as adoption increases.

Industry veterans believe that if Remittix captures even a small portion of the remittance market, the scarcity created by demand could push RTX valuations beyond the typical penny-token limits. The project has already secured partnerships with two multinational cash-out providers, one in Southeast Asia and one in Latin America, which process billions of dollars annually in worker remittances. These providers are awaiting final legal approvals and will inject a true flow of transactions into the Remittix burn mechanism once connected.

The team behind Remittix plans to launch a live dashboard in beta, showcasing volume, average fees, and tokens burned in real-time. This transparency will allow users to observe the accumulation of scarcity as the wallet becomes available to the masses in Q3 2025. Analysts who previously identified Solana at $2 are positioning RTX similarly, viewing it as a utility-oriented project with potential for significant liquidity and price appreciation.

With the soft-cap gap closing daily, the SPRINT50 bonus is set to vanish, and marketing funds will begin working, placing future demand on a reduced float. Remittix presents a unique asymmetry in the modern market: a sub-ten-cent entry, a hard-dated product launch, and an in-built supply decrease with each money transfer. If the PayFi corridors go live as anticipated, early adopters could see RTX navigating a similar path to XRP's global-payments top-of-mind status, but with a deflationary mechanism built in.