The Remittix project starts gaining traction amid steady XRP pricing following the Gemini credit card launch, which garners interest but fails to impact prices.
Gemini Credit Card Features
Gemini, in collaboration with Ripple, launched an XRP-branded credit card issued via WebBank, offering attractive rewards: 4% back on gas, rideshare, and EV charging; 3% on dining; 2% on groceries; and 1% on everything else. Select merchants even offer up to 10% back.
The card also incorporates Ripple’s RLUSD stablecoin as a base trading option on Gemini’s U.S. platform. Ripple’s CEO publicly praised the launch as 'a step toward providing people a faster way to move money.'
However, despite the positive XRP news headlines and utility, XRP price action has surprisingly remained muted.
Progress of the Remittix Project
Amidst the static response to Gemini’s card, Remittix, dubbed 'XRP 2.0', is gaining ground. It focuses on PayFi, providing fast, low-fee crypto-to-bank remittance across over 30 countries.
With its recent $21.7 million funding round, BitMart listing announcement, and an upcoming Q3 beta wallet launch, momentum is building.
Comparison: Remittix vs. XRP
Remittix stands out by building infrastructure rather than creating buzz. Key points include:
* Uniqueness in building real infrastructure. * Utility-first token powering real transaction volume. * Solving a $19 trillion payments problem. * Momentum building ahead of wallet launch. * Security: Audited by CertiK.
Thus, while the news of Gemini's credit card generates headlines, investors are focusing on infrastructure that genuinely addresses issues.
While the Gemini credit card generates interest, the Remittix project showcases real progress and potential to address significant payment system challenges.
