xMoney
xMoney
xMoney is the fiat and crypto payments infrastructure of the MultiversX group (formerly Elrond), formed by combining Utrust (a crypto payment solution acquired in 2022) and Twispay, an Electronic Money Institution (EMI) licensed by the Bank of Romania. It offers crypto and fiat payment acceptance, recurring subscriptions, cross-border payments and card issuing (physical and virtual cards) for businesses. It issues the EURXM, USDXM and RONXM stablecoins stated to be MiCA-compliant and handles crypto payments through a VASP licensed in Portugal.
Data & conditions
| Service type | Card issuing / BaaS |
|---|---|
| Pricing model | Not disclosed |
| Fiat rails | SEPA |
| Stablecoins | EURXM, USDXM, RONXM |
| Customer type | Fintech, Enterprise, Marketplace, Platforms |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | EEA |
| Regulator | Bank of Romania (BNR) |
| Segment | B2B |
| MiCA / License status | EMIVASPMiCA-compliant EMI regulated by Bank of Romania · MiCA-compliant · VASP (Portugal) |
Strengths
- Dual regulated nature: an EMI licensed by the Bank of Romania plus a VASP in Portugal, with stablecoins stated to be MiCA-compliant.
- Group backing (MultiversX) and a full stack: crypto/fiat acquiring, subscriptions, cross-border and card issuing.
- No notable sovereignty advantage documented.
Weaknesses
- B2B infrastructure: built for businesses and platforms, not for the end consumer.
- Ecosystem tied to MultiversX; availability and terms for Italy not documented.
- Custodial: the platform holds your funds and can freeze or lose them.
- Subject to regulation (EMI regulated by Bank of Romania · MiCA-compliant · VASP (Portugal)): reporting to authorities and freezes on order.
Verdict
Score 4.0/5, very strong profile. In its favour: dual regulated nature: an EMI licensed by the Bank of Romania plus a VASP in Portugal, with stablecoins stated to be MiCA-compliant. The trade-off to weigh: b2B infrastructure: built for businesses and platforms, not for the end consumer.
On the Sovereignty lens the score is 0.0/5 (weak): the strength is fund control (0.0/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use xMoney?
Indirectly: xMoney provides payments and card-issuing infrastructure to businesses and platforms. The consumer experience happens through services (e.g. the xPortal card) built on top of xMoney, not via a direct contract with the infrastructure.
Is xMoney regulated?
Yes. It operates as an Electronic Money Institution (EMI) licensed by the Bank of Romania and handles crypto payments through a VASP licensed in Portugal; its stablecoins are stated to be MiCA-compliant.
Sources
- Official service page Descrizione Data verified on Jul 17, 2026