Aximetria, a Swiss fintech company which offers a crypto-centric personal finance app, releases a new feature called 'AxiDrop' to enable its customers to make instant money transactions in cryptocurrency, stablecoins, and fiat to any any mobile phone number in the world.
The new feature works regardless of which banking apps they already possess or whether they are Aximetria customers or not. While traditional banks enable transfers within their own systems or between partnering banks only, Apple, Google and other platforms already provide the possibility of sending fiat payments to a mobile phone number but these are limited to their own ecosystems. Aximetria claims that it takes it to the next level and makes it possible – for the first time in the finance industry and under Swiss regulation, to send crypto to a mobile phone number – even if the sender does not possess cryptocurrency.
Aximetria recently announced that it has been awarded the Swiss Financial Services Standards Association (VQF) license, officially recognized by Switzerland's Financial Market Supervisory Authority (FINMA).