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XRP faces setbacks from the SEC and outdated frameworks, while Remittix emerges as a new leader in cross-border payments.
XRP is one of the few cryptocurrencies that has actual utility. However, that utility has never been applied. There are two reasons for this. The first is the SEC, which spoiled XRP’s fun and the second is that XRP tries to play within existing frameworks when an entire industry overhaul is needed.
While Ripple’s enthusiasts claim that the XRP price can reach $5.00, the market is much more conservative, especially in light of Remittix, a new PayFi token that is already showing XRP how cross-border payments should be made.
XRP: XRP price suffers from SEC overreach
The XRP price should have been at $5.00 by now. Instead, it’s at less than half of that. The obvious reason for the low XRP price is the vindictive nature of the SEC case against Ripple Labs. The SEC has tied up XRP in a lawfare suit, which has stymied growth. This is evident in how XRP exploded right after Trump got elected and the writing was on the wall for the SEC.
But why has XRP not gone further yet, even now that it is free to roam? The other thing suppressing XRP’s hopes of $5.00 is that it is playing within the system. XRP was designed for cross-border payment and to do that, it works within the global banking system. This is not a great plan, as crypto’s entire ethos is to break existing structural systems, and the international banking system is one of the things crypto aims to subvert.
While it is true that there are still miles to go before crypto will get there, crypto enthusiasts do not want to play within the sandbox. This is where XRP loses out and Remittix starts pulling ahead.
Remittix: Global cross-border payment champion
Remittix does not play within the system; it uses it to its advantage. In doing so, Remittix does what XRP never could: give its users a pain-free way to make quick and easy cross-border payments. With Remittix, users can use crypto to facilitate fiat payments.
In an unprecedented development, Remittix is now providing the world with crypto-to-fiat payment systems. Using cryptocurrency, users can pay into almost any bank account worldwide. Remittix payments clear almost immediately, cost a fraction of a bank transfer and avoid the bureaucratic red tape associated with international payments.
This is what crypto was intended for and Remittix is now leading the charge to become the number one cross-border payment provider, leaving the XRP price to flounder in the cold.
Conclusion
XRP has high hopes, but SEC overreach and Ripple Labs’s insistence on working from within the system kept the XRP price low. XRP is not without its merits; it is the fourth-largest crypto by market cap, but at the end of the day, a system is only as good as its outcome and XRP’s use case has not been proven in the real world. Even YouTube agrees: Remittix is the one to watch.
In contrast, Remittix’s use case has and it already can be used for payments. The investment news is that Remittix is now in presale and available at only $0.0757. The potential here is apparent and enormous and this seven-cent token stands a chance of reaching the $5.00 mark before XRP does.
To learn more about Remittix, visit the Remittix presale and join the online community.
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