Avalanche-Powered Axiym Revolutionizes Global Cross-Border Payments

25.04.2025 02:03
Global cross-border payment platform Axiym has announced its strategic initiative to harness the Avalanche blockchain for streamlining and automating money services businesses (MSBs) operations. Headquartered in Dubai, Axiym revealed on April 24, 2025 that it has already processed over $132 million on Avalanche’s C-Chain, using the technology to deliver real-time credit and liquidity to licensed payment companies. By embedding blockchain capabilities directly into existing payment systems, the company addresses persistent issues in traditional cross-border payments such as capital inefficiency, high costs, and slow SWIFT-based transactions. Axiym’s CEO, Khibar Russel, emphasized that by connecting conventional payment operations to the Avalanche network, the firm enables efficient, near-instantaneous transactions which are particularly beneficial for remittance corridors spanning Asia, Africa, and Latin America. The move comes as part of a broader trend where fintech firms and other blockchain companies are increasingly investing in advanced payment infrastructures to cater to the global demand for efficient, low-cost international transactions.
AVAX Avalanche $22.34 +0.31%
The news highlights the increasing adoption of the Avalanche blockchain for fintech innovations, suggesting a positive impact on AVAX. In the short term, the validation of Avalanche as a reliable backbone for high-value transactions like Axiym's could drive upward price momentum. Long-term prospects include attracting further institutional interest and more integrations, supported by substantial processed volumes and efficient cross-border payment solutions. Quantitative signals such as the $132 million cumulative volume and recognition by key financial institutions indicate a favorable sentiment toward AVAX, albeit with some caution due to potential regulatory challenges in broader blockchain integration.
Sources
Axiym Crosses $132 Million in Volume on Avalanche, Redefining Cross-Border Payments
investing.com 24.04.2025 17:30
Avalanche-powered Axiym bets on money services businesses
Cointelegraph 24.04.2025 21:15
Axiym Surpasses $132M in Cross-Border Payment Volume on Avalanche
Financefeeds 24.04.2025 17:00
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