Sui wants to make Bitcoin productive without asking holders to sell it. Its Hashi project has opened a testnet for BTC-backed finance, adding another way to use crypto as capital. A payments app entering its own test asks what happens at the opposite end of that journey: when the holder needs spendable fiat in an ordinary bank account.
At Remittix, 1,000 existing RTX holders have been invited to test PayFi, designed to take supported crypto into compatible fiat bank payouts. The wallet and Markets product can keep customers active before they need to cash out. If Remittix wins the final step for people who hold and earn in crypto, the opportunity could extend to a far broader audience than its first testers suggest.
Sui’s Bitcoin Collateral Push: What Is Hashi Testing?
Sui announced a live Hashi testnet for Bitcoin-backed financial applications. Developers and institutions can test ways of using BTC as collateral while building lending and other products ahead of a wider rollout.
The use case is attractive because Bitcoin holders may want to access liquidity without disposing of their BTC. Sui’s developer ecosystem could benefit if those applications draw substantial collateral and activity. SUI traded near $1.18 in early October, so investors will look for meaningful adoption beyond the initial test environment.
Hashi focuses on making an asset productive within DeFi. The next financial action for some users will still be receiving local currency where they can pay bills or meet operating expenses.
Remittix Is Building the Route Into a Bank Account
Remittix PayFi aims to convert supported crypto into fiat delivered through compatible banking routes. The first invited holders can access EUR and USD options. For a remote worker, international family or business, that last step can determine whether digital assets are convenient enough to use regularly.
The remittance market runs into hundreds of billions of dollars each year. A service taking a tiny share could put close to a billion dollars of transfers through its payment flow annually and generate millions in potential fees. RTX is intended for settlement and staking as that flow and the platform’s customer base grow.
The wallet provides another advantage: Remittix reports over 10,000 iOS downloads, a starting audience for later PayFi adoption. Markets has also passed $50 million in cumulative trading volume. A trader wanting a fiat payout could stay within Remittix rather than move through several separate services.
Different Sides of a Growing Crypto Economy
Sui’s Hashi testnet addresses the value locked inside Bitcoin. Remittix’s invited test group addresses the point when a digital balance needs to enter everyday finance. Both are practical uses, but the opportunity to build a repeat relationship around bank payouts is the distinctive RTX pitch.
Remittix has announced a $0.46 final presale stage and a planned November 24 debut, with over 40,000 participants already in the raise, according to the project. If the first PayFi holders begin returning for more transfers, the app could arrive at launch with an early customer habit taking shape. Explore the live RTX allocation while that opportunity is still in its first phase.
Website: https://remittixpresale.io
X: https://x.com/remittix
Frequently Asked Questions
What is Sui’s Hashi Bitcoin collateral project? Hashi has a live testnet for BTC-backed financial applications on Sui.
What is Remittix PayFi testing? One thousand invited existing RTX holders can try initial EUR and USD crypto-to-bank payment options.
When is RTX expected to launch? Remittix has announced November 24, following its $0.46 final presale stage.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, including total loss of capital.
All market analysis and token data are for informational purposes only and do not constitute financial advice. Readers should conduct independent research and consult licensed advisors before investing.
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