Remittix Presses On Towards Launch Amid CLARITY Act Uncertainty

Remittix, a PayFi project developing crypto-to-fiat payment infrastructure, is making progress toward its next launch milestone despite the recent setback of the CLARITY Act in the US Senate.

The digital-asset market has been assessing the fallout from the failed legislation, which would have provided a framework for regulating cryptocurrencies. As a result, XRP's price has fluctuated, trading at around $1.33 after dropping to $1.28 earlier in the week.

Remittix reports that 82.33% of its current presale allocation has been sold, with the project's website listing RTX at $0.21 and indicating approximately $4.07 million remaining on its launch counter. The official RTX launch date will be revealed after the presale reaches a $32 million milestone.

The project is positioning itself around a specific use case: allowing users to send cryptocurrency while recipients receive fiat in supported bank accounts. Remittix's platform aims to support over 30 fiat currencies and facilitate same-day processing for cross-border transfers.