Remittix Tests PayFi with 1,000 RTX Holders Ahead of Token Debut

Remittix, a payments app, is testing its PayFi feature with 1,000 existing RTX holders ahead of its planned November 24 token debut. The key to success may lie in how many users return to use the app after completing their first transfers. PayFi aims to facilitate fiat payments through compatible banking routes, making it a valuable service for those receiving digital assets from abroad.

The Remittix presale has raised over $32 million toward its $36 million hard cap, with over 40,000 participants joining. The app's wallet and live Markets platform offer additional features, including earning up to 22% APY on selected assets. If users return to use the app, it could lead to a significant increase in fees and activity for RTX's intended settlement and staking roles.

Ethereum ETF flows have been a topic of discussion, with Farside Investors recording $55.4 million of net US spot ETH fund outflows on October 1, following $59.6 million of outflows on September 30. This illustrates the rapidly changing institutional demand for ETH, which has traded near $2,750 in early October with a nearby recovery target of $3,000.