Unfortunately AirDrop is two things: a file sharing service over Bluetooth and a file sharing service over wifi. It only recently got somewhat unified which allowed you to use it to transfer files between a Mac and an iPhone but it doesn't seem to be quite ready yet.
Bluetooth is not fast and reliable enough for sharing modern file sizes but there is also no guarantee two phones that are near each other will share a wifi network.
Bluetooth is not fast and reliable enough for sharing modern file sizes but there is also no guarantee two phones that are near each other will share a wifi network.
And then there are the security requirements.