Buy xMoney (UTK)
What is xMoney?
xMoney is a digital payments network aimed at facilitating fast and affordable cross-border transactions without the reliance on traditional banking systems. It supports both cryptocurrency and fiat payments, offering a comprehensive suite of tools for businesses to process payments efficiently and securely.
How does xMoney work?
xMoney operates on the MultiversX blockchain network, having migrated from Ethereum in 2022. It utilises modern blockchain technology to provide a seamless user experience, handling transactions in both crypto and fiat currencies. The platform offers easy integration with e-commerce plugins and APIs, ensuring compliance with AML policies and secure transaction processing. It charges a flat 1% fee for transactions and supports settlement in both fiat and crypto currencies.
What are the potential use cases for xMoney?
xMoney can be used in several areas, including:
- E-commerce: Helping online businesses accept cryptocurrency payments, which are automatically converted to fiat and deposited into merchant bank accounts.
- Cross-border transactions: Facilitating international peer-to-peer payments with lower friction than traditional methods.
- Virtual wallets: Providing an intuitive interface for currency conversion and enhancing the payment experience for merchants.
- Invoicing and Payment Links: Businesses can generate invoice requests in crypto with settlement in fiat, and create payment links for easy transactions.
What is the history of xMoney?
xMoney was originally launched in 2018 as Utrust, founded by Artur Goulão, Filipe Castro, Nuno Correia, and Roberto Machado. In 2022, the platform was acquired by MultiversX and rebranded to xMoney, marking its transition to the more scalable and secure MultiversX blockchain. In 2024, Greg Siourounis was appointed as Co-Founder and CEO, overseeing the integration of blockchain-enabled payment infrastructure with a new stablecoin program. Over time, xMoney has expanded its market presence into Europe, gaining strategic licences and partnering with major financial entities like Mastercard.
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The information presented in this comparison table is for educational purposes only and is not an investment recommendation for your personal circumstances. Past performance is not an indicator of future performance.
The data points in this table are sourced as follows: ASX200 from Google’s ASX200 index price, Gold from ABC Bullion’s website (abc bullion.com.au), and BTC from CoinGecko (coingecko.com.au). All data is recorded at 10 am AEST on the first day of each calendar month.
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Frequently Asked Questions (FAQs)
What is the current price of xMoney (UTK)?
The xMoney price is $0.14304189 AUD, representing a -1.66% from the day prior.
Where is the best place to buy xMoney (UTK) in Australia?
The best place to buy xMoney (UTK) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell xMoney (UTK) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of xMoney (UTK)?
The trading volume of xMoney (UTK) is $30.5M AUD in the last 24hrs, representing a -1.66% from the day prior.
How can I buy xMoney (UTK)?
xMoney (UTK) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of xMoney (UTK)?
The current market cap of xMoney (UTK) is $99.8M AUD.
Can I convert xMoney (UTK) to cash?
Yes - With Coinstash you can convert your xMoney (UTK) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many xMoney (UTK) are there?
The current circulating supply of xMoney (UTK) is 704.1M.
Is Coinstash a safe place to buy xMoney (UTK) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling xMoney (UTK) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.