AXS Blockchain To Build ZUBX Cryptocurrency Exchange Marketplace
AXS Blockchain Solutions Inc. has announced that it has entered into a letter of intent with Blockchain Foundry Inc. to create ZUBXTM, the world’s first Syscoin blockchain based peer-to-peer marketplace.
While AXS Blockchain is a blockchain solution provider that acquires and develops businesses devoted to enhancing the future of blockchain. Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology in their businesses.
Both companies are partnering to develop ZUBXTM to allow traders to place sell orders for Bitcoin, Bitcoin Cash and Ethereum. Buyers will have the ability to engage directly with the sellers in a live instant messaging session to negotiate terms. ZUBXTM will act as an escrow agent for buyers and sellers by validating the fiat and cryptocurrency prior to each transaction.
Leveraging an extensive network of product development communities and digital media, AXS builds and creates partnerships with blockchain technology startups, that turn simple, innovative ideas into businesses supercharging the industry.
AXS Blockchain has paid an initial deposit of US$200,000 to Blockchain Foundry, which amount will be held in trust by Blockchain Foundry to be credited against future costs associated with the development of the ZUBXTM platform.