Can This Ethereum-Based PayFi Coin Replace SWIFT For Good?

Banks have relied on SWIFT for the last 40 years, but today SWIFT faces a 15 % drop in transaction volume as institutions eye faster rails. Meanwhile, an Ethereum-based PayFi coin, Remittix (RTX), is building live payment corridors, running a $250 000 community giveaway, and gearing up for its Q3 2025 wallet beta launch.

SWIFT Faces Declining Volume

SWIFT handles over $150 trillion in annual transfers, yet its transaction count fell 15 % in mid-July as blockchain settlements gained traction. Settlement delays still stretch two to three days, and message fees climb with each intermediary. 

That lag contrasts with on-chain PayFi solutions that clear in seconds. Global banks reported fewer SWIFT-based transfers in July, driving them to pilot alternatives on public blockchains. As SWIFT’s volume contracts, demand grows for a modern system built on Ethereum’s programmable layer.

Ethereum Network Activity Surges

Ethereum daily transactions topped 1.516 million on August 3, up 39 % year-over-year but down 7.7 % from yesterday. The network closed July with a 57.4 % monthly gain, marking its strongest performance in three years. That growth underscores Ethereum’s capacity to handle PayFi volume if a scalable solution emerges. 

With Layer-2 rollups and fee optimizations, Ethereum can support millions of transactions while retaining programmability for smart-contract-driven payouts. Those upgrades set the stage for an Ethereum-based PayFi coin to challenge SWIFT’s rails.

Remittix’s PayFi Edge

Remittix taps Ethereum’s global settlement layer to power real-world payouts. RTX has climbed 6x since March, fueled by over $28 million in pilot transfers through Ghana and Kenya corridors. The project has already raised over $18 million and sold 580 million tokens at $0.0895 each, signaling serious backer conviction.

Here’s why Remittix could supplant SWIFT for good:

  • Global payout rails are already integrated and expanding
  • Utility-first token powering real transaction volume
  • Deflationary tokenomics designed for long-term growth
  • One of the few projects with product progress before TGE
  • Ideal for freelancers, remitters, and global earners

Beyond these features, Remittix’s API is live with payment providers on three continents, driving invoice-to-bank transfers that settle in under 60 seconds. That combination of Ethereum’s throughput and Remittix’s PayFi focus offers a direct replacement for SWIFT’s slow messaging.

Positioning for the Post-SWIFT Era

Clinging to SWIFT’s old messaging model means accepting multi-day settlement and high fees. Shifting to an Ethereum-based PayFi solution like Remittix can cut costs and speed up cross-border flows. Allocating part of your treasury to RTX hedges against SWIFT’s decline while tapping Ethereum’s growth. 

As the PayFi market expands, Remittix stands poised to handle institutional volume once handled exclusively by SWIFT.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

$250,000 Giveaway:https://gleam.io/competitions/nz84L-250000-remittix-giveaway

Disclaimer: The information in this press release is for informational purposes only and should not be considered financial, investment, or legal advice. Coin Crypto News does not guarantee the accuracy or reliability of the content. Readers should conduct their own research before making any decisions.

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