Cardano Spot ETF: Will the SEC Approve an ADA Fund And What This Means For Remittix
Cardano (ADA) has seen a big dip overnight as the broader crypto space is rocked by volatility, and its future may now hinge on whether the SEC approves an ADA fund in 2025. As uncertainty grips crypto holders, many are turning their sights to utility-focused projects which are likely to stand firm amid the pressure. Among these is Remittix (RTX), a powerful PayFi solution which has seen unprecedented attention in the first few weeks of its presale, amassing more than $10.8 million in investments already. This intelligently designed protocol takes aim at inefficiencies within the global payments space, promising a more affordable and transparent alternative to expensive and sluggish international transactions. So how will Cardano and Remittix stack up against each other in Q1?
Could An ETF Launch Save Cardano (ADA)?
Cardano is trading at $0.76 following a 12% loss in the last 24 hours. But there’s a glimmer of hope on the horizon for Cardano. Tuttle Capital Management just filed with the U.S. SEC to launch the first exchange-traded funds tied to Cardano (ADA), Chainlink (LINK) and Polkadot (DOT); a move which reflects an upward trend in institutional interest in Cardano (ADA). This may signal a move towards mainstream adoption. This key development may help Cardano stave off some losses and perhaps stabilize in the coming weeks.
Cardano is also looking to make some serious technical improvements in 2025 with the introduction of the Hydra scaling solution to increase transaction throughput, as well as ramping up interoperability with Bitcoin compatibility via Midnight.
Remittix (RTX) Levels Up Crypto-To-FIAT Payments
Remittix (RTX) bridges the gap between crypto and traditional finance. Year after year, crypto has promised to change finance but most people struggle to use digital assets in real life.
Let’s say a freelancer in Africa gets paid in USDT for a freelance project. They need this payment liquidated so they can pay bills, buy groceries or withdraw cash but banks and exchanges make it into an unnecessary hassle. Fees eat into their earnings, transfers take days and conversion rates are rarely fair.
Remittix eliminates these problems. Users can convert over 40 cryptocurrencies into FIAT and send it directly to any bank account worldwide within 24 hours and with no hidden fees. For the recipient, it’s as simple as receiving a standard bank deposit with no need to touch crypto or use complicated exchanges.
Remittix is also empowering underbanked populations with financial access. Over 1.4 billion people around the world don’t have a bank account, meaning they’re locked out of global financial opportunities. However, many of these individuals own a mobile phone and can access digital wallets.
Remittix bridges this gap. It allows users to receive crypto payments and withdraw them as cash through remittance services like Western Union.
Remittix Storms Past $10.8 Million Milestone
Remittix is seeing investor attention from across the space, as its presale continues to gain traction. Having racked up more than $10.8 million in investments in just over a month, Remittix (RTX) is poised to disrupt the PayFi space in 2025. Tokens are on offer for just $0.0539 and analysts forecast an explosive 800% price rise in the presale phase alone, with further growth to follow after the launch. This market disruptor is not one to sleep on in 2025.
Discover the future of PayFi with Remittix by checking out their presale here:
- Website: https://remittix.io/
- Socials: https://linktr.ee/remittix
Stay informed with daily updates from Blockchain Magazine on Google News. Click here to follow us and mark as favorite: [Blockchain Magazine on Google News].
Get Blockchain Insights In Inbox
Stay ahead of the curve with expert analysis and market updates.
latest from tech
Disclaimer: Any post shared by a third-party agency are sponsored and Blockchain Magazine has no views on any such posts. The views and opinions expressed in this post are those of the clients and do not necessarily reflect the official policy or position of Blockchain Magazine. The information provided in this post is for informational purposes only and should not be considered as financial, investment, or professional advice. Blockchain Magazine does not endorse or promote any specific products, services, or companies mentioned in this posts. Readers are encouraged to conduct their own research and consult with a qualified professional before making any financial decisions. The featured image used is just a creative depiction of the title and it does not intend to hurt sentiments of any person or institution. If it hurts anyone sentiments, please do not hesitate to reach out to Blockchain Magazine.