Remittix Tests PayFi Service as Bitcoin ETF Flows Reveal Market Momentum

Institutional money is back in focus for Bitcoin as ETF flows continue to influence its price. The world's largest cryptocurrency needs significant capital to achieve a substantial gain, and investors are looking at new ways to engage with digital assets.

Remittix, a platform providing crypto-to-bank services, has invited 1,000 existing holders to test PayFi, its live trading platform and wallet. This move aims to turn investor attention into real-world use for the tokens. The planned token debut is set for November 24, with a final presale stage at $0.46.

The World Bank estimated global remittances to reach $856 billion in 2024. Capturing just 0.1% of this flow would bring close to a billion dollars in yearly transfers. Remittix's goal is to process payments repeatedly at scale, collecting millions in fees and expanding the use of tokens for settlement and staking functions.

Bitcoin ETF inflows have shown significant net inflows on October 1, with $102.7 million, after a previous outflow of $148.7 million on September 30. This reversal highlights how quickly institutional demand can alter the market tone. BTC was trading near $86,000 in early October, with $100,000 seen as a prominent upside level for sustained advance.