How Axiym and Avalanche Are Juggling Your Money Across Borders (With a Dash of Blockchain Magic!)

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Ah, mes amis! Behold Axiym, the grand maestro of global cross-border payments, who now courts the ever-rising appetite of money services businesses (MSBs) craving the sweet nectar of blockchain infrastructure and the stablecoin elixir for their international escapades, whispered the company to our humble CryptoMoon.

From the opulent sands of Dubai, United Arab Emirates, Axiym proudly proclaimed on the 24th day of April: they have stirred the cauldron of Avalanche’s blockchain to process a dazzling sum—over $132 million in cumulative volume. Quelle splendeur!

With the cunning of a fox, this platform summons Avalanche’s might to conjure real-time credit and liquidity elixirs for MSBs across the vast stage of the globe.

Ah, MSBs! That large and merry troupe including money transmitters (the noble Western Union among them), currency exchangers, crypto sages, fintech wizards, and check cashing jesters—each eagerly embracing these sparkling innovations, as Morgan Krupetsky, the grand vizier of Ava Labs, revealed unto CryptoMoon.

As for our protagonist Axiym, “MSBs themselves don’t prance onchain,” quipped their CEO, the illustrious Khibar Russel. Nay, Axiym is the clever puppeteer, linking their earthly payment antics to Avalanche’s enchanted backstage, where blockchain magic automates, moves, and manages coinage with the grace of a ballet mistress.

“Beneath the mask,” said Krupetsky, “Axiym hath forged an application that grants credit to MSBs wrapped in stablecoins, fashioning payments that dance upon Avalanche’s C-Chain.” Moreover, he declared:

“This wizardry grants swift, real-time cross-border liquidity—something arduous or costly through the dusty old payment rails or the sluggish blockchain tortoises.”

Why, the drama of cross-border payments grows ever more thrilling!

Russel confided to CryptoMoon that Axiym’s clientele is mostly licensed grand houses of payment, hailing from great financial courts such as the UAE, the United Kingdom, and Singapore. Yet, these nobles’ subjects often dispatch their gold to bustling remittance bazaars scattered across Asia, Africa, and Latin America.

Axiym’s theater is designed to exorcise the demons haunting traditional cross-border payments: capital inefficiency, the tortoise-paced SWIFT delays, the villainous high costs, and fragmented payment kingdoms, all vanquished by their blockchain enchantments.

Yet, beware! The regulatory hydra, with its many fragmented heads, doth complicate the conquest of old payment dragons by fledgling blockchain knights.

Our brave Axiym counters with a cunning stratagem: “embedding blockchain sorcery directly into the very marrow of existing payment operations,” all courtesy of their enchanted Avalanche steed.

These blockchain-born stablecoins have become the key sorcery enabling low-cost, swift cross-border exchanges, illuminating their growing favor in the wild frontiers of emerging markets.

Notably, a 2024 scroll from Chainalysis revealed that stablecoin remittances from Sub-Saharan realms are a merry 60% cheaper than the archaic fiat trails.

Meanwhile, our tale continues: CryptoMoon recently chronicled the alliance of Ripple with the African payment sheriffs at Chipper Cash—to bolster cross-border crypto exchanges with much pomp and circumstance.

And let us not overlook the crypto payment upstarts, basking in the golden glow of venture capital favor. Tether’s favored scion, Mansa, proudly closed a $10 million treasure chest to grow its stablecoin-powered empire of cross-border payments.

Ah, drama and commerce! Such is the grand play of our age, staged upon the shimmering blockchain boards.

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2025-04-25 00:32