Chainlink (LINK) and Cardano (ADA) holders are watching Remittix (RTX), a new PayFi protocol that's revolutionizing how crypto payment networks work. Remittix, already dubbed the ‘XRP Killer’, makes crypto-to-fiat conversions simple without any hidden fees. The platform's business-friendly APIs and merchant accounts let users connect digital assets with conventional finance. Unmatched in speed, cost-efficiency, and adaptability, Remittix presents new opportunities for Cardano and Chainlink holders to leverage their crypto utility.
Chainlink has remained on a bull run since the beginning of December and has hit a new peak price in nearly three years. This surge coincides with the emerging altcoin season and Chainlink being a significant oracle company. Analysts are becoming more positive about its growth. One analyst who followed Chainlink's price prediction during this market rally placed it between $200 and $800.
Meanwhile, Chainlink's Oracle protocol could benefit from Ethereum's expanding ecosystem. Many top DeFi apps run on the Ethereum blockchain, resulting in greater demand for Chainlink's vital Oracle services. This protocol allows users to incorporate external data feeds into Smart Contracts, a key feature critical for the growth of the DeFi sector.
Cardano (ADA) has dropped by 11% in the past week due to significant sell-offs by key whales. This decline comes despite Cardano achieving a 96% price increase over the past year. The recent dip has raised concerns about Cardano's price outlook, which now appears to be weakening.
Ali Charts, a leading analyst, recently tweeted that Cardano could soon reach a price range of $4 to $6, mirroring its 2020 price pattern. Despite facing a minor price correction, Cardano has managed to stay above the critical $1 support level. The 30-day simple moving average (SMA) currently sits at $0.980, suggesting a stable price trend that could support a continued bullish trajectory.
Holders of prominent cryptocurrencies such as Chainlink (LINK) and Cardano (ADA) are interested in this innovative platform. Here’s why:
Remittix enables users to convert over 40 cryptocurrencies, including Chainlink and Cardano, directly into fiat currencies. This fiat can then be transferred instantly to global bank accounts with no hidden fees or exchange rate surprises. For LINK and ADA holders, this means their digital assets can power real-world transactions with unmatched convenience.
2. Empowering Global Transactions
By leveraging blockchain and local payment networks, Remittix provides instant cross-border payments. Crypto holders can enjoy the speed of blockchain settlements, often completed in minutes, while recipients receive bank transfers seamlessly. This eliminates the traditional delays and high fees of traditional banking systems, offering a transparent and cost-effective solution.
Remittix unveils a new Pay API and merchant account solution enabling businesses to accept cryptocurrencies, such as Chainlink and Cardano, from consumers while paying in fiat. This makes it easy for businesses that wish to accept cryptocurrencies after removing volatility risk factors. Also, it operates more than 30 fiat currencies and more than 50 cryptocurrency pairs, which allows controlling the cash effectively.
The movement behind the Remittix payment network revolves around the native governance token $RTX that is anchored in the ecosystem. Users are engaged through the application Remittix, which has been audited by Solidproof and BlockSAFU. To enhance the confidence of the investors, the team has promised to lock tokens and the liquidity pool for three years.
At the time of writing this article, in its presale phase, the $RTX token costs $0.018. During presales, traders expect it to have a 5,800 per cent increase in value and, once it is listed, another 50,000 per cent upswing. So for those investors looking for an early-stage opportunity in high-potential, cheap-priced cryptos that have huge potential as Remittix does, it may be a good investment worth looking at.
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