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.
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.
xMoney can be used in several areas, including:
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.