This Ripple (XRP) Rival Has Gone Viral In The Past Week Surging Past $5.8M Raised In Its ICO’s First Month

Ripple (XRP) is currently trading at $3.08 and has experienced a slight decline of 5% over the past 24 hours. Despite its established presence in the cross-border payments sector, Ripple (XRP) is encountering fresh challenges from emerging competitors. Remittix (RTX) in particular is stealing some of Ripple’s spotlight away with a modern offering in the global payments space. This powerful PayFi solution promises to address long standing issues in this lucrative market, as it gears up to dominate PayFi in 2025. So what key features are drawing so many to Remittix (RTX)?

Ripple (XRP) Price Declines Following Mid January Surge

Ripple (XRP) has been wobbling significantly in January, having risen by 40% in just a few days but ending the week up by a net 2.47%. Based on on-chain analytics, Ripple has a market capitalization of about $181.2 billion and a circulating supply of 57,564,441,898 XRP tokens. The Relative Strength Index (RSI) sits at 52 suggesting a neutral market sentiment. The Moving Average Convergence Divergence (MACD) points at a possible consolidation phase without clear momentum in either direction. It appears that Ripple’s most recent surge has come to an end but what’s next is unclear for the moment.

Remittix Disrupts the PayFi Space

Remittix is leveling up the cross-border payments market. The hefty fees and transaction times that come with traditional payment systems have long bothered both individuals and businesses. Now, Remittix wants to end those problems for good.

Through the platform, users can change more than 40 cryptocurrencies to fiat currency and transfer funds worldwide. Transactions are completed within 24 hours and flat-rate pricing eliminates hidden fees typical of legacy systems.

Another key draw for businesses is the Remittix Pay API, which enables companies to accept cryptocurrency payments while seamlessly settling in fiat currencies. With support for over 30 fiat currencies and 50 cryptocurrency pairs, this API simplifies financial operations for organizations operating across borders.

Remittix (RTX) is also designed with privacy and security in mind. Transactions are processed as standard bank transfers, concealing their cryptocurrency origins and making th

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Author: Crypto Daily

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