MXI Card
Monerex · Visa
MXI Card is a self-custodial Visa card linked to a non-custodial wallet architecture, operated by Monerex LLC (registered with FinCEN as a Money Services Business). It centers on multi-currency accounts (USD, MXN, EUR, BRL) and multi-chain USDC, with a $MXI reward token on the XRP Ledger (XRPL). The product is still pre-launch: the official site is gated and publishes no fee schedule. Issuance fee, annual fee and FX markup are not publicly disclosed, so they are reported as 0 pending official data; no cashback.
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Visa |
|---|---|
| Fund custody | Self-custody (funds in your control) |
| Issuance fee | Free |
| Annual fee | Free |
| ATM withdrawal | Free |
| FX markup | 0% |
| Cashback | — |
| Chains | XRPL |
| On-chain settlement | Yes |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 4/10 |
| Supported countries | US, EEA, UK, LATAM · 100+ countries |
| Funding / solidity | Monerex LLC, societa privata con sede negli Stati Uniti, e l'emittente della MXI Card e opera una carta Visa self-custodial registrata FinCEN come Money Services Business. |
| Estimated net annual cost | €0/year |
| Regulator | FinCEN |
| Segment | B2C |
| Funding / solidity | Monerex LLC, a private US-based company, is the issuer of the MXI Card and operates a self-custodial Visa card registered with FinCEN as a Money Services Business. |
| MiCA / License status | FinCEN MSB Registration (#31000308454158) Monerex LLC is registered with the US FinCEN as a Money Services Business (#31000308454158); it is not a bank and offers no guarantee on funds. |
Strengths
- Self-custodial model: funds stay under the user's control.
- Multi-currency accounts (USD, MXN, EUR, BRL) and multi-chain USDC.
- Wide announced geographic coverage (US, EU, UK, 100+ countries).
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- No public pricing: issuance, annual fee and FX markup undisclosed.
- Product still pre-launch, official site gated.
- No cashback.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Monerex LLC is registered with the US FinCEN as a Money Services Business (#31000308454158); it is not a bank and offers no guarantee on funds.): reporting to authorities and freezes on order.
Verdict
Limited and opaque protection: the only known coverage is Monerex LLC's FinCEN registration as a Money Services Business, which imposes anti-money-laundering duties but is not a banking license nor a guarantee on funds. The product is still pre-launch, with a gated site and no public pricing, so the basic elements needed to assess consumer protection are missing.
A strength on the sovereignty front: the model is self-custodial and the linked wallet uses a non-custodial architecture, so funds stay under the user's control with on-chain settlement. However, full KYC remains mandatory, limiting privacy, and real independence cannot be verified while the product is gated and lacks public documentation.
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
Is MXI Card custodial or self-custody?
MXI Card uses a self-custodial model: the linked wallet has a non-custodial architecture, so funds stay under the user's control. The issuer, Monerex LLC, is registered with FinCEN as a Money Services Business.
How much does MXI Card cost?
There is currently no public pricing: the issuance fee, annual fee and FX markup are not officially disclosed and are reported here as 0 pending data. No cashback is offered.
Sources
- Official service page Url ufficiale · Stato prodotto · Supported currencies · Paesi num · +2 Data verified on Jun 23, 2026
- Official service page Payment network · Custodial · Blockchain · Kyc · +2 Data verified on Jun 22, 2026