BlackRock and Visa Join Circle's Arc, as Remittix Opens PayFi to 1,000 Users

Circle's Arc network, launched in September, has attracted major financial names as founding validators. BlackRock and Visa are among them, indicating on-chain money movement is a closely watched cryptocurrency news story.

The network focuses on infrastructure for stablecoins and institutional finance. Another emerging project, Remittix, targets crypto-to-fiat transfers through compatible bank accounts.

Remittix has opened PayFi access to its first 1,000 users after community transfer testing. The RTX token debut is scheduled for November 24.

Circle's Arc validator announcement named BlackRock and Visa alongside other institutions in its founding group. Their involvement shows why payment rails are attracting attention beyond crypto trading.

The development has a wider context: financial firms are examining how digital assets can move more efficiently between different applications and accounts.