Popular bills payment platform AXS has opened up a new payment option in the market. Its move to provide its users the option of making payments using digital currencies for its services, will lead to more players offering such services and more mainstream use of crypto, says Jag Foo, Head of Business Development at crypto security firm, SafeHeron.

While this is a positive development in payments with third parties narrowing that gap between traditional banking and decentralised finance that will bring about greater convenience and efficiency to users, just how safe are the mechanisms behind such services?