From Cointelegraph

April 24, 2025 5:15 PM:

Axiym, a global cross-border payment platform, is meeting the demand from money services businesses (MSBs) for blockchain-based infrastructure and stablecoin solutions. With over $132 million processed on the Avalanche blockchain, Axiym provides real-time credit and liquidity to MSBs worldwide.

MSBs, including money transmitters and fintech firms, are embracing Axiym’s innovation. By connecting existing payment operations to Avalanche, the platform automates cross-border transactions efficiently. Axiym’s clients are licensed payment companies in financial hubs like the UAE, UK, and Singapore, serving users in remittance hubs across Asia, Africa, and Latin America.

Blockchain-based stablecoins have revolutionized cross-border payments, making them more cost-effective and efficient. A Chainalysis report revealed that stablecoin remittances from Sub-Saharan Africa are 60% cheaper than traditional fiat rails. Axiym aims to embed blockchain capabilities into existing payment operations to enhance cross-border transactions using Avalanche.

Ripple’s partnership with Chipper Cash and Mansa’s $10 million funding round for stablecoin cross-border payments highlight the growing trend of crypto-focused payment startups. As the demand for low-cost, efficient cross-border transactions increases, blockchain technology continues to play a crucial role in revolutionizing the payment landscape.

Read more at Cointelegraph: Avalanche-powered Axiym bets on money services businesses