Zug, Switzerland. 4th March 2019 – Aximetria, the Swiss FinTech company that promotes banking without borders, has announced support for stablecoins – Gemini USD and EURS – in its finance asset management app.
Unlike other European neo-banks offering traditional currencies only to Europeans, Aximetria continues to adhere to the policy of providing high-quality, stable and secure financial instruments globally. Furthermore, it will support all popular stablecoins in the application by mid-2019. This year the company will also extend its services to B2B payments on the basis of stablecoins, freeing businesses of a number of restrictions and limitations. Users can go through a remote verification process (KYC) and buy or sell global currencies using any bank card. They can also securely store and exchange for other currencies.
Since December 2018, Aximetria has pursued a strategy of regular entry into local markets where is particular demand. Russia, for example (the largest Eastern European retail market), was chosen as one of the pilot regions for the app. Russia has traditional high-quality financial services but lacks useful digital asset management tools. Aximetria was the first to offer a mobile financial service linking debit cards to a digital currency account. “We saw tremendous demand for such a card,” says Alex Ermakov, Co-Founder and CEO at Aximetria. “76% of our users from Russia ordered the card.” As a result, the average monthly turnover per user increased to almost $300.
Adding stablecoins is part of the company’s product offer for all, including people in Africa, Asia and Latin America, who otherwise have difficulty obtaining global fiat currencies. Legal and infrastructure barriers make access to the global marketplace very difficult for such people. “Our goal is to make daily transactions, payments or savings in stablecoins as easy and convenient for our customers as in any other currency. Aximetria users enjoy the safety, comfort and ease of use through a simple, convenient mobile application,” says Ermakov.