Final answer:
Schwann cells are responsible for myelinating axons in the peripheral nervous system, providing an insulating layer for faster nerve impulse transmission.
Step-by-step explanation:
Yes. Schwann cells are responsible for myelinating the axons of neurons in the peripheral nervous system. They produce the myelin sheaths that surround many axons in the peripheral nervous system. The myelin sheath acts as an insulating layer, allowing for faster transmission of nerve impulses.
Oligodendrocytes, on the other hand, produce the myelin sheaths in the central nervous system.