The Payment Finance (PayFi) section is one of the fastest-growing arms of the crypto industry. With its support for crypto payments for online purchases and cross-border remittances, this sector has boosted the adoption of payment tokens like Ripple (XRP), Stellar (XLM), and even Bitcoin (BTC).
However, a new Ethereum-based PayFi token called has recently emerged and is shaking things up. The Remittix token has become one of the most sought-after altcoins in the crypto market, evident in its approximately $15 million raise in a few months. During this period, over 533 million RTX tokens have been sold, and the massive demand for the ETH-based token stems from its exciting PayFi features.
Remittix is entering the crypto market at a time when converting crypto to fiat is challenging for users. Instead of being limited to only crypto-to-crypto transactions, Remittix is creating a gateway for individuals and businesses to send and receive payments in crypto and instantly convert the funds to 30+ fiat currencies that can be sent directly into their bank accounts. The massive use case has pushed RTX up the pecking order among the top new PayFi tokens to thrive this year.