A new cryptocurrency project, Remittix (RTX), is generating significant attention and concern among XRP holders as its initial coin offering (ICO) nears complete sellout. The project has sold over 95% of its 750 million token allocation, raising more than $28.8 million at a token price of $0.123. This rapid uptake is drawing direct comparisons to XRP's early rise and positioning Remittix as a potential new contender in the crypto payments sector.
Remittix is targeting the massive $19 trillion global remittance market with a focus on crypto-to-fiat payments. Its core product, the PayFi platform, is scheduled for an official launch on February 9, 2026. The platform aims to enable direct crypto-to-bank transfers in over 30 countries, alongside merchant payment tools. A supporting wallet application is already live on the Apple App Store, with a Google Play version in development.
The project's momentum is underpinned by several verified factors. The Remittix team has completed full KYC (Know Your Customer) procedures and the project's smart contracts have been audited by CertiK, where it currently holds a Skynet Score of 80.09 (Grade A) and is ranked #1 for pre-launch tokens based on over 24,000 community ratings. Future centralized exchange (CEX) listings have been confirmed on BitMart and LBANK, with a third exchange listing also secured.
This development has introduced a new dynamic for XRP, which currently trades at $1.91 with a market capitalization exceeding $116 billion. While XRP benefits from recent regulatory clarity and Ripple updates, its mature market position is leading some investors to seek higher-growth opportunities in newer payment-focused projects like Remittix. The narrative is not about XRP replacement, but about capital rotation towards projects with perceived sharper growth curves, scarcity due to limited token supply, and imminent product launches.
Remittix further incentivizes adoption through a 15% USDT referral program and promotes a utility-first, deflationary tokenomics model designed for real transaction volume. With less than 5% of its ICO tokens remaining available, the project is transitioning from a speculative presale to a platform on the verge of operational launch, marking a significant moment in the evolving crypto payments landscape.
