Solana (SOL) has finally slowed after going on a rampage earlier in the week, now dropping moderately over the last 24 hours. While Solana (SOL) has enjoyed some success, another newer project has been stealing the spotlight away, with a powerful offering in the PayFi space: Remittix. This project has arrived with one clear aim: to resolve the inefficiencies in cross-border payments, enabling individuals and businesses to make transactions effortlessly while expanding their operations globally. Currently in presale, the project is gaining popularity at an unprecedented pace. So what are the standout features attracting so many to Remittix, and will Solana (SOL) stabilize?
Solana (SOL) Drops 3% In 24 Hours
Solana has finally lost its pace after a steep gain over the last week. Even after its 24 hour loss, Solana’s net weekly gain sits at a sizable 31.10%, now trading at $239. Solana’s abrupt uptick led many to believe it might surpass $300 in the coming days, but this has not transpired, and Solana’s market cap is back below the $120 billion mark.
So what caused Solana’s price rise to begin with? Well, Solana spent much of 2024 working on some pretty impressive technological updates, such as the Firedancer validator client, and developing the Turbine 2.0 protocol. Between a slew of improvements, Solana boosted the network’s transaction throughput to over 100,000 per second. Additionally, Solana worked on introducing a deflationary mechanism to the platform, something that had been long asked for by Solana (SOL) enthusiasts.
Addressing Urgent Financial Inefficiencies
Remittix (RTX) is confronting one of the most pressing issues in global finance: the inefficiency of cross-border transactions. By eliminating the delays and excessive costs of traditional systems, the project allows users to exchange more than 40 cryptocurrencies for fiat currencies.
The entire process is simple. Users can send funds to any global bank account, with transactions completing in under 24 hours. For those frustrated with complex banking systems, Remittix offers a straightforward yet robust alternative.
Among Remittix’s (RTX) features are its merchant solutions tailored for freelancers, online retailers, and service providers. Its Remittix Pay API enables businesses to accept cryptocurrency payments while settling seamlessly into their bank accounts.
This functionality is especially advantageous for companies operating across multiple regions. Supporting over 30 fiat currencies and 50+ cryptocurrency pairs, Remittix allows businesses to manage payments in a way that fits their needs.
A key aspect of Remittix (RTX) is privacy. Transactions appear as standard bank transfers, leaving no visible trace that they were initiated using cryptocurrency. This design ensures discretion and makes the platform appealing to users who are wary of blockchain technology due to negative perceptions in certain social settings.
Remittix Presale Storms Past $4.6 Million Raised
The native $RTX token currently goes for $0.0256 in Remittix’s presale, which has raised over $4.6 million and shows no signs of slowing down. And analysts project a 800% price jump by the close of the presale and a 5,000% rally when the project goes live. With its PayFi solutions proving popular, Remittix (RTX) could be a disruptive force in the cross-border payments space this year.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix