Aximetria’s new solution to check crypto tolerance of bank cards

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Swiss crypto service, Aximetria has rolled out a solution to enable users to check bank cards for crypto tolerance. New bank holders or crypto users are often worried about if their bank will block card transactions as suspicious during transactions. The new tool aims to eliminate the fear through its new online service AxiCheck, free of charge.

“One of Aximetria’s most active users are Revolut’s customers. Despite all the advantages of its main product, subscribers of this British neobank cannot use the crypto purchased through it for subsequent purchase or payments outside the Revolut platform. Revolut users, in fact, do not buy cryptocurrencies, but CFD (Contract for Differences) on the cryptocurrency without the ability to own it. With Aximetria, it’s different — you get Bitcoins at real blockchain addresses, which let you perform any exchange operation — transfer, buy, sell, save or pay with it in our marketplace,” explained Alex Axelrod, founder and CEO of Aximetria.

Aximetria stated that around 100k cards have been used to facilitate transactions through its service. The new online service AxiCheck has been developed on the statistics of making purchases using cryptocurrency and withdrawing funds to various cards globally. Users will be required to input the first six digits of issuer’s unique BIN that comprises information about the bank, country of issue, payment system and card level.

Post verification through AxiCheck, a bank card will be assigned to one of four types including 100% crypto- with cards having successful operations, Crypto ready- a high probability of suitability for cryptocurrency operations, 50% crypto – might face problems with fund withdrawals and Crypto unfriendly – not suitable for cryptocurrency operations.

Founded in 2018, Aximetria is a Swiss crypto-friendly finance service that aims to provide access to a legal, stable and fair crypto economy. It combines the capabilities of payments using a bank card and the technological advantages of cryptocurrency to buy and sell currencies, store savings to ensure fast, secure and easy cross-border payments, including by phone number.