A recent outage in the Xaman Wallet (formerly XUMM) has put a spotlight on the challenges of depending on single wallet services for XRP transactions. Users found themselves unable to move XRP, currently priced around $2.27, highlighting how reliant the network is on external infrastructures.
Meanwhile, an emerging project called Remittix (RTX) is drawing comparisons to a “rival” of XRP, thanks to its cross-border payment model and rapid fundraising success. Below, we explore both the Xaman Wallet incident and how RTX—having already raised over $13.3 million—might overshadow some of XRP’s market share.
The Xaman Wallet Outage and XRP’s Vulnerabilities
XRP at $2.27 as Xaman Wallet goes offline
Xaman Wallet going offline underscores the delicate nature of crypto access points. Many XRP holders rely on third-party platforms to manage assets, and when these services falter, user funds become effectively frozen until the service is restored.
Observers recommend hardware or paper wallets as fallback options, both of which reduce reliance on a single online system. Although the Xaman outage was brief, it highlighted recurring trust and dependability challenges in the XRP ecosystem.
Ripple’s XRP has seen its ups and downs, including legal battles and huge network expansions. . But as these events unfold, many investors realize that a single wallet outage can undercut the currency’s day-to-day usability, especially if no convenient alternative is on hand.
Remittix (RTX): The New Challenger
While XRP grapples with wallet infrastructure hiccups, Remittix (RTX)—priced around $0.0694 and having sold more than 512 million tokens—has raised over $13.3 million in just 10 weeks. Its PayFi protocol aims to streamline cross-border transactions by seamlessly converting crypto into local fiat, typically within 24 hours.
This direct approach resonates with families sending remittances, freelancers billing international clients, and businesses navigating import/export logistics. Critics often label Remittix as an “XRP 2.0,” believing it refines the cross-border dream that first propelled Ripple into the spotlight.
Locked liquidity and an audited contract strengthen RTX’s position as a secure investment, especially for those weary of new tokens or projects that vanish quickly. Early supporters point to massive potential if Remittix secures partnerships with top-tier exchanges or e-commerce portals, allowing the token to serve an even broader user base.
Observers also note that RTX might soon land major centralized exchange listings—an event historically linked with considerable price boosts, especially if the token’s day-to-day use case is easily understood.
Why RTX Could Dethrone XRP
While XRP has built a strong reputation and network effect, Remittix (RTX) is catching up fast by addressing a fundamental pain point: the complexity and cost of cross-border transfers. By requiring minimal blockchain know-how from end users, Remittix might on-board a more casual or business-focused audience—beyond the realm of hardcore crypto enthusiasts.
This stands in sharp contrast to XRP’s partial reliance on specialized partners and wallet services like Xaman, which can be single points of failure if they encounter downtime.
Moreover, as the recent wallet outage shows, even well-established tokens aren’t immune to infrastructure snags. Meanwhile, Remittix touts an approach that circumvents heavy dependencies—recipients simply see typical bank deposits, while crypto usage happens behind the scenes.
Conclusion: Racing Toward Global Adoption
The Xaman Wallet incident serves as a reminder that established tokens like XRP can suffer setbacks when the surrounding ecosystem stumbles. In contrast, Remittix (RTX)—with over $13.3 million raised, more than 512 million tokens sold, and a price near $0.0694—continues to gain momentum by focusing on the needs of everyday users.
If upcoming major CEX listings proceed as rumored, RTX may solidify its reputation as the leading cross-border token, potentially edging out XRP among newcomers and mainstream investors searching for a simpler, more reliable option.
Ready to Check Out Remittix?
Website: https://remittix.io/
Socials: https://linktr.ee/remittix