XRP Struggling To Recapture Bullish Momentum As Crypto Investors Are Drawn To New Payment Token

While XRP is in trouble, a more recent piece called wins steam. It’s made for a simple thing: sending money quickly and cheap in all countries. You can use it to send a crypto like Bitcoin or XRP and get money directly in an ordinary bank account. This is a big problem for people working abroad or companies with customers from different countries.

The idea is simple. Most crypto users must still pay rent, buy food or cover bills in local currency. Remitix facilitates this climb from the digital part to local money. According to CorciLass, RTX has increased by 400% since the start of its presale. It is now negotiated at $ 0.0757.

The PAYFI function is at the heart of this growth. It connects global payment networks to different block channels. Thus, someone in Nigeria could send crypto to someone in Mexico and bring it into pesos in a local bank account, quickly and with low costs. Analysts say that could change the way people are moving money around the world.