Remittix Tests PayFi App Ahead of November 24 Debut
Remittix, a payments project, is giving its first 1,000 existing holders access to test PayFi, an app that converts supported cryptocurrency into fiat currency through compatible banks. This move aims to make the entire journey of using Remittix feel like one service rather than multiple unrelated products.
The PayFi app will allow users to turn their crypto into EUR or USD and receive it in their bank accounts. The wallet and live Markets platform will also be available, giving users additional reasons to stay engaged with the service.
XRP has a prominent place in payments discussions due to its long-running cross-border business and liquidity. However, reaching an $8 price target would require sustained buying across several intermediate targets and a major expansion of XRP's already substantial market capitalization.