Chainlink's Fulcrum and Remittix's PayFi: A New Era of Crypto Infrastructure

Chainlink's recent announcement of Fulcrum, a solution for institutional financing and collateral management across public and private blockchains, is gaining attention in the crypto space. This development is part of a larger trend of major infrastructure providers seeking new financial uses for blockchains.

Remittix, another project, is testing a direct way for ordinary crypto users to receive bank money through its PayFi service. The service allows supported crypto funds to be transferred and fiat delivered through a compatible banking route. The first 1,000 invited testers have access to EUR and USD options.

The success of PayFi could help Remittix understand what customers need before widening access to the service. In the payments space, the strongest signal is often the next transaction: does a user trust the route enough to return when the next invoice is due?

Remittix already reports over 10,000 iOS wallet downloads and cumulative volume of over $50 million on Remittix Markets. Its upcoming Earn product advertises up to 22% APY on selected assets. This collection of features could let customers arrive for a wallet, trade in Markets, explore Earn, and use PayFi to receive fiat.

Remittix's recent presale has raised over $32 million toward its $36 million hard cap. The BINANCE500 campaign advertises 500% additional RTX on qualifying purchases, adding five extra tokens per base RTX when the full offer applies.