Remittix Locks In $36 Million Ahead of November Token Launch

The XRP Ledger (XRPL) saw an unusual surge in new account activations on September 24, reaching 11,432, which is roughly four times its 30-day average of 2,700. This sudden increase has sparked debate among XRP traders about whether it will translate into price demand.

Remittix, a fintech platform, is set to launch its token, RTX, on November 24, giving buyers an earlier route into the crypto-to-bank ecosystem before payments, trading, and earning activity receive public token valuation. Remittix's PayFi aims to let senders use cryptocurrency while recipients receive fiat in compatible bank accounts across more than 30 planned currencies.

The trading platform, Remittix Markets, reports over $50 million in volume across hundreds of perpetual pairs, with the iOS wallet exceeding 10,000 reported downloads and Android availability planned. Remittix has moved beyond $32 million with over 40,000 reported participants and stops fundraising at $36 million.