This year crypto enthusiasts have been subject to numerous stories about XRP. Mainly about how high XRP can grow and the end of the case between Ripple and the SEC. What many didn’t expect, though, is for a new token to pique XRP investors interest. Possibly taking some of the wind out of XRP’s sails.
Today we investigate Remittix, the new DeFi platform bridging crypto and mainstream finance. It’s not just our editorial team that is interested. Several leading portals have linked Remittix to a Swiss Hedge Fund and to leading crypto influencer Rasool Rezvani, although neither of these links have been confirmed by Remittix itself. We have not been able to substantiate the claims either.
What is Remittix and why should you know about it?
Remittix offers a cutting-edge payment infrastructure designed specifically for users that want to send cross-border fiat payments using crypto. The list of advantages of using Remittix are listed on the company’s website. At first glance, they look almost identical to the advantages of using XRP. However, as Remittix’s token – RTX – is only available as a pre-sale token today, you can only find information about it on Remittix’s own site.
The first big difference between RTX and XRP is that RTX offers staking returns of between 4 and 8 percent. Remittix is built on Ethereum which allows for staking.
Founded on Ethereum, RTX offers an on-chain bank-to-crypto bridge through which users can transfer tokens like ETH, BTC, and XRP to bank accounts in fiat in minutes. This kind of utility does not exist in many new projects, and it’s fast making Remittix popular.
When it comes to the founders of the project, there is little information available about them. The company’s X profile posted for the first time in December 2024. Since then over 14 thousand people have followed the profile which mainly updates followers on the performance of the pre-sale process.
Kosice, a city in eastern Slovakia, is mentioned several times in connection with Remittix. However, a search on LinkedIn and other social media sites doesn’t show any senior executives linked to the project. The Whitepaper doesn’t mention any contact people either.
How much interest is Remittix creating amongst retail investors?
The last few weeks has seen much more information shared by the people behind Remittix. Recent press releases confirm that the presale phase has seen over $17.3 million in contributions with 573 million tokens sold. That has been helped by additional incentives like a $250,000 Giveaway and a 50% token bonus. One Reddit commentator shared a few months ago how the giveaway has already received over 5000 entries in total.
To help with those who have concerns about the legitimacy of the crypto project, Remittix has created a ‘Remittix Help Desk’ profile on X. We wrote to this profile about the concerns listed on Reddit, and about the founders. If we get a response, we will update this article accordingly.
In the meantime, Remittix was officially audited by CertiK. A researcher from CeriK helped Kraken discover vulnerabilities last year which we covered here at DisruptionBanking. CertiK is the largest Web3 security service provider. A good result from an audit like this can go a long way in increasing investor confidence.
Following on from the audit, the Remittix team made important changes to improve contract safety and efficiency. The audit has set the stage for the Remittix wallet beta launch later in 2025.
The Remittix wallet beta launch date has been announced as being September 15, 2025. In the meantime, users can use Ethereum wallets to get involved in the pre-sale. These moves by the team behind Remittix go some way to increasing trust amongst investors.
Is RTX an XRP Killer?
In the past you may recall how Solana was touted to be an ‘Ethereum Killer’, just like SUI was purported to be a ‘Solana Killer.’ An epithet of smaller altcoins released to the market is the amount of ‘noise’ they generate. And, according to Remittix’s whitepaper both the stage 1 marketing strategy as well as the influencer marketing campaign are well under way.
@CardanoFeed is one of the profiles that has been touting RTX’s potential on X. @0x_faysal is another profile highlighting why RTX is being called an ‘XRP killer’. However, the same concerns as above have been highlighted by @0x_faysal, including the “anonymous team limited transparency”, “high rewards + no KYC = regulatory risks incoming” and how “Reddit users raise scam concerns.”
For now, just like several users on X, we would advise our readers to exercise caution. Whilst the upside could be 1000x on the RTX token, it could also have underlying risks that could escalate soon. Unlike the typical 30-90 day pre-sales, Remittix’s extended timeline reflects its ambitious PayFi goals.
For everything there is a reason. No risk no reward. However, with XRP you know who Brad Garlinghouse is and what he is up to. With HBAR you see what Dr Leemon Baird is speaking about. It’s a little easier to give your money to someone you can read about and background check. If Remittix became a little more transparent then perhaps it could become an XRP killer. But, as it stands, it has a long way to go before educated and savvy crypto investors get involved.
One user on X pointed out how if Remittix has already managed to gather $18 million, then surely the tokens could be released earlier? This type of behaviour would go a long way to increasing investor confidence.
Check back to our story for any updates from Remittix’s Helpdesk team.
#Remittix #RTX #XRP #DeFi #Crypto #Blockchain #CertiK #PayFi
Disclaimer:
The editorial team at #DisruptionBanking has taken all precautions to ensure that no persons or organizations have been adversely affected or offered any sort of financial advice in this article. This article is most definitely not financial advice.
See Also:
Axelar: Paving the ‘Cross-Chain Highway’ for Web3 Finance | Disruption Banking
12-Point Program to Strengthen Switzerland as a Financial Hub | Disruption Banking
Swizterland and Crypto: a Match Made in Banking Heaven? | Disruption Banking
About Remittix
Remittix is a decentralized finance ecosystem with the goal of making crypto useful. From staking across multiple chains to crypto-denominated payments in fiat, it is bringing world utility to underserved users all over the globe. With a focus on low gas fees, utility, and mobile-first infrastructure, Remittix aims to be the platform of preference for global remittance, earning, and spending in crypto.
News Update
One of our readers in London contacted us to highlight how Remittix, according to it’s own website, is restricted for users in the U.S., UK, China and Canada. Raising further questions about the company’s strategy.
