Avalanche-powered Axiym bets on money services businesses

According to Ava Labs' Morgan Krupetsky, Axiym abstracts the blockchain layer, allowing users to interact with the platform much like they would with a traditional financial service.

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.

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