Avalanche-powered Axiym bets on money services businesses
Axiym, a global cross-border payment platform based in Dubai, is addressing the demand from money services businesses (MSBs) for blockchain infrastructure and stablecoin solutions. The platform has processed over $132 million on the Avalanche blockchain, providing real-time credit and liquidity to MSBs. Axiym connects existing payment operations to Avalanche, automating capital management. Its clients are primarily licensed payment companies in major financial centers, facilitating remittances to Asia, Africa, and Latin America. Axiym aims to resolve issues in traditional payments, such as inefficiency and high costs, by embedding blockchain capabilities into existing systems. Stablecoins are increasingly used for cost-effective cross-border payments, particularly in emerging markets, where they can be significantly cheaper than traditional methods.
