As the world of finance continues to expand rapidly, blockchain solutions have joined the race to deliver the best solutions for users to make cross-border payments faster and cheaper.
Some of the solutions that have continued to make headlines in the blockchain scene are Ripple and Stellar, which utilize their crypto assets, XRP and XLM, to facilitate cross-border payments. However, a new rival, Remittix, is challenging the position of these two giants as it presents a solution ready to knock XRP and XLM off the top. The Remittix approach to solving global payments is becoming the talk of analysts and enthusiasts, as many believe the Remittix Payfi protocol could be all the market has been waiting for. Let’s go into the details to understand why this sentiment is already catching a strong following.
Role Of The XRP And XLM Assets In Global Payment Lately
Discussing crypto in cross-border payments for some months now has largely centered on XRP, making new strides, or XLM delivering new solutions. This has therefore turned the duo of XRP and XLM into the poster face of cross-border payment and remittance using crypto.
From an XRP perspective, the Ripple partnership and collaboration across the world have continued to expand their reach, with a recent entry into the Middle East. At the same time, the cross-chain integration of the Stellar Lumen project has put its expansion rate on steroids, reaching millions and connecting services worldwide.
While XRP and XLM continue to make significant strides forward, their solutions are beginning to leave real users, including retail traders, behind as they focus on institutional deliveries. However, this is already reflected in the price action, as both XRP and the XLM coin have continued to see significant sell-offs from whales lately.
Following the market report today, the XRP coin has fallen by an additional 3.7%, with the price now threatening a decline below $2. At the same time, the Stellar XLM has remained in a bearish trend since the beginning of the second half.
Why Experts Believe Remittix Could Be The Future Of Payment
The Remittix Payfi protocol, with its focus on connecting all crypto users and businesses to a seamless and secure way to make global payments, is quickly gaining attention. This proposition has seen the number of Remittix token holders increase significantly beyond 30,000 in the last few months and is growing rapidly. The Remittix approach is simple:
- Connect all crypto users to the local bank network across the world for ease of payment to bank accounts
- Integrate over 30 top fiat currencies for faster and cheaper conversion from crypto assets
- Help businesses accept crypto payment with ease by removing the stress of conversion to local currencies
By implication, support for the Remittix solution has increased significantly in the last few weeks, and experts are now drawing attention to this new Payfi protocol. According to the analysis of Remittix’s growth rate, we can see it surpassing both XRP and XLM soon, as it continues to receive widespread support.
From an investment perspective, this puts the Remittix early buyers in a very impressive position, as they can buy now while the price is still low before it skyrockets with the popularity explosion.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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