The Swiss crypto service Aximetria has launched a service solution to check bank cards for crypto tolerance, enabling users to see how likely their banks are to block a cryptocurrency transaction.
The tool, named AxiCheck, is created to help customers determine their bank’s attitude towards trading with cryptocurrencies.
This is how it works: to check if a card for crypto-tolerance, the user needs to input the first six digits into the AxiCheck service. This is the issuer’s unique BIN (bank identification number) that contains information about the bank, country of issue, payment system and card level. There is no personal information in the BIN and it does not provide access to the user’s bank account to ensuring the new service is a secure.
“One of Aximetria’s most active users are Revolut’s customers,” said Alex Axelrod, founder and CEO of Aximetria. “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.”
The information provided in the AxiCheck bank card verification service is based on Aximetria’s statistics and is for reference only. If the service does not yet have data on a particular bank, the user can subscribe to updates free of charge.
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