The post Remittix unveils its PayFi project as presale hits $5m appeared on BitcoinEthereumNews.com.

Key takeaways Remittix is a new PayFi project that allows users to pay fiat into any bank account worldwide using crypto. The project has raised over $5 million in its presale, selling over 284 million tokens. What is Remittix? The cryptocurrency space is evolving thanks to its never-ending stream of innovation. The industry has already seen the emergence of narratives such as DeFi, RWA, and several others. Remittix is ushering in another era with an interesting narrative: PayFi. According to the team, Remittix is a payment network that merges the best parts of traditional payment systems with decentralized Finance. The merger of these two is called PayFi. Remittix will allow users to pay fiat into any bank account worldwide using crypto. The platform will empower users to easily connect their crypto wallets and send cryptocurrencies to recipients who can receive the money in their preferred fiat currency. The best part of Remittix is that there are no hidden fees, no expensive conversation rates and the recipient will have no idea the original payment was sent in crypto. How does Remittix work? Using Remittix is not complicated, and it is suitable for both novices and experts in the crypto space. The development team explained the platform’s working model in their whitepaper. The first step is to enter the recipient’s bank details into Remittix, just like you would for a standard bank transfer. The sender must also enter how much they want to pay and the payment reference to be displayed on their bank statement. Remittix will generate a quote for the sender and show the amount of crypto to transfer and the exact amount charged in fees. Finally, the sender transfers the crypto to the unique deposit address provided. The crypto will then be liquidated and transferred to the recipient via…

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Filed under: News - @ January 23, 2025 10:21 am