XRP News Today: RTX Challenges XRP as Crypto Shifts Toward Utility and Speed

Shiba Inu’s performance continues to lag among meme coin traders, with many investors shifting attention toward projects offering real-world utility. The token, which has historically attracted speculative interest, has failed to show signs of a sustained recovery in recent months. This trend reflects a growing demand for cryptocurrencies that provide tangible infrastructure and use cases, as opposed to purely speculative assets. Amid this backdrop, projects like Remittix (RTX) are capturing market attention due to their focus on cross-border payments and institutional-grade security [1].

Remittix, a PayFi (payment finance) protocol, is emerging as a strong contender in the cross-border transactions space. The platform is designed to facilitate instant crypto-to-bank transfers across 30-plus countries, with real-time foreign exchange conversion. Unlike traditional systems that rely on intermediaries, RTX operates entirely on cross-chain infrastructure, allowing it to accept over 40 different cryptocurrencies, including Ethereum, Solana, Avalanche, and Polygon. This capability positions it to address a $19 trillion global payments market, where efficiency and speed are critical factors [1].

The project has already raised $23.5 million in its presale, selling 642 million tokens at prices below $0.11. Institutional support has also grown, with confirmations of listings on exchanges such as BitMart and LBank, which provide immediate liquidity. Additionally, a CertiK audit has reinforced the project’s credibility, meeting a key requirement for institutional trust. The combination of these factors has driven early adoption and growing investor confidence, particularly among those seeking alternatives to slower-moving, bank-dependent platforms [1].

Further momentum is being fueled by a $250,000 giveaway campaign, which has attracted over 310,000 participants and created a rapidly expanding community of 25,000 holders. This viral growth has positioned RTX as a potential disruptor to established players like Ripple’s XRP, which continues to face regulatory headwinds and market volatility. XRP, currently trading at $2.77, is down 4% this month and has struggled to regain key price levels, despite Ripple’s $125 million SEC settlement. Analysts suggest that XRP’s reliance on traditional banking infrastructure and outdated models limits its ability to compete with newer, faster solutions [1].

Investor sentiment is increasingly favoring RTX as the beta version of its mobile wallet prepares for a launch on September 15. The deflationary nature of RTX’s tokenomics, which reduces supply as adoption scales, has also attracted attention. Many in the crypto community are drawing parallels between early RTX buyers and those who invested in Ethereum or Solana at their initial price points. This comparison, while speculative in nature, highlights the growing perception that RTX represents a long-term investment opportunity rather than a short-term meme coin play [1].

As the crypto market continues to evolve, the shift from speculative assets to utility-based projects is becoming more pronounced. Shiba Inu’s recent weakness underscores the limitations of meme-based narratives in a market increasingly driven by infrastructure and real-world application. Meanwhile, projects like Remittix are leveraging cross-chain innovation and institutional backing to position themselves as serious contenders in the global financial ecosystem.

Source:

[1] Ripple Facing Tough Competition From Remittix As Top Experts Worldwide Call RTX the New XRP (https://www.livebitcoinnews.com/ripple-facing-tough-competition-from-remittix-as-top-experts-worldwide-call-rtx-the-new-xrp/)