has gained popularity so fast as a cross-border payment solution, with many likening it to Ripple due to its remittance-oriented approach. Over 518 million tokens have been sold by the project in presale for more than $13.8 million at a presale price of $0.0734.
At the core of Remittix’s success lies the platform’s capability to exchange more than 40 cryptocurrencies to fiat and send money to any bank worldwide without the underlying charges that come with standard wire transfers.
Leveraging local payment networks, Remittix reduces the time for transactions to hours from days, eliminating the conventional friction. The platform’s pay API, nonetheless, allows businesses to settle in fiat while making several crypto payments effortlessly, with all transactions recorded on a public ledger to combat fraud risks.
As a case in point, imagine a Filipino freelancer trying to invoice a European client. Rather than going through the exorbitant fees and days-long delays of traditional bank wires, they might instead ask to be paid in stablecoins or some other widely traded cryptocurrency.
Remittix would then exchange those funds into the freelancer’s local currency usually within a day and directly deposit it into their bank. This frictionless process saves both parties time and money, illustrating why many regard Remittix as a true disruptor in the $190 trillion remittance industry.
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