Millions lack bank accounts. Many are forced to pay significant fees to remit money back home or wait for days for transfers. is solving these issues with its PayFi platform. It enables users to make crypto payments and cash them out at local agents like Western Union.
To date, the project has sold over 529 million tokens from its initial coin offering, raising more than $14.6 million. Remittix’s DeFi coin price is now at $0.0757, making it one of the cryptos to keep in case you value utility in the world.
The project has some strong selling points outside of making crypto payments better. It offers its token holders up to 18% APY staking rewards. Liquidity and community incentives are also integrated into its tokenomics. It has a capped supply of 1.5 billion RTX tokens which gives it the additional benefit of being scarce.
It closes the loop between money and cryptography. The unbanked farmer can accept cryptocurrency deposited into a wallet. The platform enables him to send the money to a local agent and exchange that for regular spending money.
Remittix’s model proves the capability of the crypto to reach the distant periphery, neighborhood shops, and migrant workers. The platform offers a clear vision of a world in which digital assets and conventional banking co-exist.
