AXS Blockchain Solutions Inc. Signs Letter of Intent to Develop ZUBX P2P Cryptocurrency Marketplace Platform

AXS Blockchain Solutions (CSE:BAXS) has announced it has entered into a letter of intent with Blockchain Foundry (CSE:BCFN) to create ZUBX, the first Syscoin blockchain based peer-to-peer marketplace.

As quoted in the press release:

 ZUBX^TM will 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.  ZUBX^TM will act as an escrow agent for buyers and sellers by validating the fiat and cryptocurrency prior to each transaction.

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 ZUBX^TM platform.

Click here to read the full press release.