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Avalanche (AVAX) and Amazon Partnership
Avalanche (AVAX) partners with Amazon Web Services (AWS) to bring more enterprise adoption to crypto market through wider access to Avalanche's decentralized application services.
The crypto market has recently witnessed a striking rally, with the leading crypto, Bitcoin (BTC), making a run above $21,000. The leading altcoin, Ethereum (ETH), has also managed to climb above $1,500 and maintain its position. Additionally, there have been important partnerships and updates in the market, one of which is the Avalanche (AVAX) partnership with Amazon that has been making headlines. This partnership has had a positive impact on the altcoin's price, and it has recorded a weekly increase of over 40%.
The Avalanche (AVAX) and Amazon partnership is aimed at bringing more institutional adoption to the crypto market. Amazon Web Services (AWS) will be offering Avalanche's decentralized application (dApp) services to its entire market, which will be available in over 100 countries. This partnership will help more people to be exposed to and benefit from the advantages of blockchain technology.
As a member of the Amazon Partner Network (APN), Avalanche will be offering customized offers to APN customers. These offers will allow AWS users to access the Avalanche network and take advantage of benefits such as high scalability, fast confirmation times, and low transaction costs. This partnership could also assist companies in launching financial solutions such as stablecoins and blockchain-based payment systems, as well as a digital asset management platform.
The Avalanche and Amazon partnership is significant for providing easier access for institutions. This partnership will particularly accelerate the work of institutional customers with blockchain technology and provide them with a more secure and decentralized environment. Therefore, the Avalanche and Amazon partnership will make a strong contribution to the crypto market and serve the widespread use of blockchain technology for institutions.