xMoney is a comprehensive payment network that allows businesses and individuals to make payments, receive payments, and manage crypto assets. The journey began as Utrust (UTK), but after being acquired by MultiversX (formerly Elrond), the vision expanded and rebranded as xMoney. The project aims to make cryptocurrencies as easy to use as a credit card, overcoming volatility and usability challenges.

Core Objectives:

• Facilitate businesses to accept crypto + fiat

• Enable users to pay quickly, securely, and with low fees

• Protect merchants from volatility while offering refunds and security mechanisms to buyers

The platform combines the advantages of traditional payment systems (cards, fiat infrastructure) with blockchain transparency and cross-border capabilities.

By 2025, the project initiated a migration from UTK to the new XMN token and deployed a MiCA-compliant token economy.

Founders & Team

Founded by Nuno Correia, Roberto Machado, and Filipe Castro, the team merged with the vision of MultiversX founder Beniamin Mincu during the xMoney transformation. Nuno Correia is highly experienced in payment systems and blockchain strategies. Former Sui Foundation economist Dr. Greg Siourounis leads as CEO, guiding MiCA compliance. The team includes experts in software engineering, financial law, and corporate management. Being part of a large ecosystem like MultiversX provides significant technical and development advantages.

Project Concept

xMoney addresses a clear pain point:

• Crypto is still complex, costly, and not user-friendly as a payment tool

xMoney solves this with:

• Single API for crypto + fiat payments

• Automatic conversion (volatility protection)

• Loyalty point system

• Merchant-focused discount mechanisms

• On-chain + off-chain payment infrastructure

The goal is not only “crypto payment” but building a global, bankless, yet regulation-compliant payment network.

Investors & Partnerships

The official whitepaper does not disclose individual VCs, but notable points include:

• Strategic partnership with MultiversX

• Sui blockchain integration

• Listings on Bybit, Bit2Me, Bitvavo

• Special migration program for UTK holders to XMN

The Investors & Partners pool represents 10% of total supply, reserved only for strategic ecosystem contributors. This is designed for long-term engagement rather than classic VC dumping.

MiCA-Compliant Stablecoins

xMoney’s vision goes beyond transferring other people’s money. Its major asset is the MiCA-compliant EURXM, USDXM, and RONXM stablecoins, scheduled for full launch in June 2026. These digital currencies form the backbone of the system, allowing merchants to receive instant liquidity without waiting for bank transfers. This move positions xMoney as a regulated, Europe-based digital banking alternative, rather than just a crypto payment gateway.

How xMoney Works

At the core is a user-friendly dashboard. Businesses can start accepting payments in seconds via ready-made links or API integrations. Payments can be made not only in BTC or ETH but also in fast networks like Solana, Sui, and Elrond, as well as traditional giants like Visa, MasterCard, and Apple Pay.

Whether Bitcoin, Solana, or Sui is used, the system protects the merchant from risk behind the scenes. The stablecoin launch in June 2026 completes the regulated financial ecosystem.

For marketplaces:

• Automated Onboarding: KYC & KYB processes automated

• Smart Distribution: Payments are automatically split; reconciliation handled by system

• High Security: PCI DSS Level 1 certification, AI-powered fraud prevention, 3D Secure 2.0

Governance

XMN stakers can:

• Vote on platform development proposals

• Influence loyalty parameters

• Suggest treasury usage

However:

• Company management decisions are excluded

• No equity or profit-sharing

• Full governance expansion targeted for H1 2027

Roadmap

• Oct 2025: XMN launch (Sui)

• 2025 Rebranding: Utrust + Twispay → xMoney: Crypto + fiat unified

• H1 2026: Merchant scoring system, token fee discounts

• June 2026: MiCA-compliant stablecoins (EURXM, USDXM, RONXM)

• H2 2026: Loyalty mechanism, ecosystem incentives, token buyback

• 2027+: Full governance expansion, treasury management

Token Use Cases (XMN)

• Merchant fee discounts

• Loyalty rewards

• Early feature access

• Governance voting

• Staking incentives

• Ecosystem grants

XMN is a utility token, not an investment token. The whitepaper clearly states: it does not provide profit expectations.

UTK vs XMN

XMN is 100% MiCA-compliant, with a 10B max supply, Sui-focused, and globally scalable. UTK migration is manual (UpgradeUTK portal), 1:1 options exist but dilution remains a discussion. XMN is stronger with stablecoins and cross-chain bridges.

Token Information

• Token: XMN

• Max Supply: 10,000,000,000

• Circulating Supply: 344,160,000

• Initial Circulation: ~650M

• Network: Sui

Token Distribution

• Community & Loyalty Rewards (30%) → 3B XMN

• Treasury & Growth (20%) → 2B XMN

• Operational Expenses (15%) → 1.5B XMN

• Investors & Early Supporters (10%) → 1B XMN

• Staking & Governance (10%) → 1B XMN

• Liquidity, Ecosystem & Legal Processes (15%) → remaining

Tokens are released gradually until 2035 to prevent sudden market inflation.

Ecosystem

• Merchant payment solutions

• Native mobile wallet

• Cross-border transfers

• Loyalty program

• Staking infrastructure

• Developer grants

• Cross-chain integrations

Future plans:

• Card networks

• Payment processors

• DeFi integrations

Key Features

• Crypto + fiat integrated payment infrastructure

• Automatic volatility protection

• Loyalty-based token model

• High performance on Sui

• MiCA-compliant

• Long-term vesting

• UTK → XMN migration program

• Buyback-supported cycles

Project Links

• Website
• Twitter
• Telegram

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