Despite it being the 21st century, international payments are still stuck in the 1950s. International payments are slow to clear, require a ton of administrative oversight, and the fees levied are extortionate. There is no reason for international payments to be this way, and XRP opened the way for better cross-border payments with RippleNet.
Soon, Stellar (XLM) followed, and XLM is now coming up the ranks to take XRP’s spot. But as so often happens, when two dogs fight over a bone, the third one steals it away, and this is precisely what Remittix has done. While XRP and XLM fight for market dominance, Remittix is stealing the show.
XRP (XRP): The token that could, but didn’t
One needs to give XRP credit for opening the way. Ripple Labs had the foresight to take on the global payment system, but XRP has been going for over a decade now without making a dent in the system. While Ripple brags about banks using RippleNet, for XRP investors, these are big words with no return.
It is easy to cite the SEC case for XRP’s failure to launch, but the reality is that the world does not want XRP. XRP is too entwined in the system, and this is why XLM is starting to make headway. XRP is up a mere 18% in the last 30 days. XLM, double that.
Source: Coincodex
Stellar (XLM): alternative cross-border payment token gains momentum
The differences between Stellar (XLM) and XRP are not much, except that while XRP is in a corporate suit and tie, XLM is in its running shoes. XLM plays the ref, not the rules, and is much more agile in its quest to conquer the cross-border payment market.
This agility has seen it gain an incredible 40% in the last 30 days, doubling XRP’s growth. XLM is now in the top 15 tokens by market cap, and if trends continue, it will break the top 10 soon, a clear warning shot across the bow of XRP. But what if even XLM is not safe from a third competitor? That’s because Remittix has upped the ante.
Source: Coincodex
Remittix (RTX): Newcomer takes limelight from established stalwarts
Before Facebook, there was Myspace. Before Google, there was Yahoo. There is always a small and unknown market disruptor waiting to take down the big guns, and this is what Remittix is doing: taking down the dominance of XRP and kneecapping the aspirations of XLM.
Remittix is a new PayFi token and is doing what XRP and XLM have promised to do but failed to deliver.
With Remittix, users can use cryptocurrency to make quick, painless, and seamless cross-border payments without any hassle associated with the process. And the good news: Remittix is not vaporware, it is already active. Users can already use over 40 cryptocurrencies to make crypto-to-fiat payments to almost any bank account in the world, and the service is expanding by the day.
Remittix is the revolution the world has been waiting for, and is poised to take the baton from XRP when it comes to implementing international payments.
Conclusion
International payments still present huge issues that make it the hassle it is today, and while XRP and XLM have been trying to solve this issue, they have not succeeded yet.
They may not get a chance to, as Remittix is already delivering this service. The potential and investment opportunity are immense, and even YouTube is abuzz with the potential for Remittix to change the world.
Remittix is now available at $0.0757 directly from their website.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io
Socials: https://linktr.ee/remittix
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