Aximetria AxiCheck

2020: Start of AxiCheck service

On June 29, 2020 the Digital Horizon company reported that the Swiss cryptoservice Aximetria proposed the solution for those who are afraid that the bank will block bank card transactions, having regarded purchase or sale of a crypt as suspicious transactions. On the website Aximetria it is possible to check as far as the bank friendly treats the cryptoworld. The special service AxiCheck is for this purpose started.

As noted these popular means of payment in Aximetria, bank cards. However conventional financial institutions look at digital assets cautiously: periodically ask from clients of explanations on transactions, and can block the account at all. Earlier, not to risk the cards and funds for them, users had only one option ― to order the branded card of cryptoservice. But it is additional expenses both for the person, and for a fintekh: benefit from payment of service and additional fees only banks and payment systems. Thanks to AxiCheck the user can check in advance how, most likely, the bank which issued the card in case of performing transactions with cryptocurrency will arrive.

AxiCheck was developed on the basis of statistics on shopping using cryptocurrency and to withdrawal of funds on different cards. To check the card, it is enough to user to specify its first six digits. It is a bin of the issuer which contains information on bank, the country of release, a payment system and level of the card. In a bin there is no personal information, it does not give access to the bank account of the user ― service from Aximetria is safe, the solution designer claims.

As a result of check through AxiCheck the bank card will be carried to one of four types:

• 100% the cryptocard ― undergo transactions with use of similar cards well;
• The card is ready to become crypto ― the card is suitable for cryptocurrency transactions with high probability;
• The card is ready to a crypt only for 50% ― problems with withdrawal of funds are possible;
• Your card became outdated ― with this card it is not recommended to make cryptocurrency transactions.

According to the developer, AxiCheck checks cards on a bin as cards of one brand can be issued by different issuers. For example, neobanks in the different countries often work at licenses of local banks therefore their cards in Germany and Great Britain, will have different bins.

"Some of the main users of Aximetria ― clients of Revolut. Despite opportunities of a main product, subscribers of the British neobank cannot use the crypt purchased through it for the subsequent sale or payments out of the Revolut platform. And all because in this case people, actually, buy not a crypt, but CFD (Contract for Differences) on cryptocurrency without an opportunity to own it. In Aximetria in a different way: the user receives bitcoins on the real addresses in a blockchain, i.e. further he can make any exchange transactions, store a crypt or pay off with it in our cryptomarket", 'Alex Axelrod, the founder and CEO Aximetria noted'

Information provided in service of check of bank cards AxiCheck is based on statistics of Aximetria and has help character. If in service there are no data on specific bank, the user can subscribe for updates, specified in Aximetria.

As of June, 2020 free of charge it is possible to download the Aximetria application in AppStore and GooglePlay. The web version of service is also available.