Global cross-border payment platform Axiym is targeting the rising demand from money services businesses (MSBs) for blockchain-based infrastructure and stablecoin solutions for international transactions, the company told Cointelegraph.
Headquartered in Dubai, United Arab Emirates, Axiym disclosed on April 24 that it has processed more than $132 million in cumulative volume on the Avalanche blockchain.
The platform uses Avalanche to deliver real-time credit and liquidity infrastructure to MSBs worldwide.
MSBs — a broad category that includes money transmitters like Western Union, currency exchanges, crypto platforms, fintech firms, and check cashers — are embracing these innovations, Morgan Krupetsky, head of institutions and capital markets at Ava L...