xMoney (formerly known as Utrust) aims to solve the issues of low usability and high fees associated with cryptocurrency payments. The platform's main goal is to enable fast and seamless crypto and fiat transactions at lower fees, allowing merchants to reach a larger audience of crypto holders. It provides secure purchases, refund options, and protection against crypto market volatility. xMoney combines the best features of blockchain and traditional fiat systems to create a reliable payments platform. Through its native token UTK 3.0, xMoney drives desired behaviors and fosters the adoption of decentralized financial tools and currencies.

The co-founders of xMoney (formerly known as Utrust) are Nuno Correia, who is also the chairman of the board of directors, Roberto Machado, who serves as a board member and CPO, and Filipe Castro, who is a board member and CCO. Nuno Correia has been involved in the cryptocurrency industry since 2011 and has a background in marketing and law. Roberto Machado has worked with international companies such as Uphold, AT&T, and Airtel. Filipe Castro has a computer science degree and prior experience in software development.

xMoney (formerly known as Utrust) stands out by combining the strengths of cryptocurrencies and traditional fiat currencies to create a Unified Crypto-Fiat Payment Network. It offers solutions such as xMoney Crypto Pay, which allows businesses to accept crypto payments, and a native wallet that supports fast and secure transactions, including converting cryptocurrencies to fiat. The platform aims to provide seamless and affordable cross-border payments without relying on traditional banks.

Read more about MultiversX — previously known as Elrond.

Find out more about Secure Proof of Stake (SPoS) with CMC Glossary

Learn more about proof-of-stake.

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The maximum supply of UTK is 500 million, all of which are currently in circulation.

After being acquired by MultiversX, UTK was deployed on the MultiversX network as an ESDT token. The network is secured by the secure proof-of-stake (SPoS) consensus mechanism, where nodes need to stake EGLD to act as validators and secure the network.

UTK token can be purchased on major crypto exchanges such as Huobi, BYDFi, Binance, Hotbit, Bitfinex, and more.

xMoney (formerly known as Utrust) aims to solve the low usability of cryptocurrency as a means of payment by addressing transactional security issues and high fees. The platform's main goal is to enable fast and seamless crypto and fiat transactions at lower fees, benefiting both buyers and sellers. xMoney also combines the best features of blockchain and traditional fiat systems to create a more reliable payments platform. Through strategic partnerships and cutting-edge technology, xMoney empowers individuals and businesses to optimize their payment processes and drive growth in the financial industry.

The native token of xMoney is UTK 3.0, which is designed to drive desired behaviors such as accepting crypto and fiat for businesses and facilitating payments for users. This collaborative approach fosters the adoption of decentralized financial tools and currencies.

The co-founders of xMoney (formerly known as Utrust) are Nuno Correia, who serves as the chairman of the board of directors and has a background in marketing and law; Roberto Machado, who is a board member and CPO, with experience working with international companies; and Filipe Castro, who is a board member and CCO, with a computer science degree.

xMoney (formerly known as Utrust) stands out by combining the strengths of cryptocurrencies and traditional fiat currencies, creating a Unified Crypto-Fiat Payment Network. This network has the potential to revolutionize transactions and bridge the gap between existing financial systems. xMoney offers solutions such as xMoney Crypto Pay, which allows businesses to accept crypto payments, and a native wallet that simplifies crypto transactions and supports both on- and off-chain payments.

The maximum supply of UTK coins is 500 million, and all of them are currently in circulation.

After being acquired by MultiversX, UTK was deployed on the MultiversX network as an ESDT token. The MultiversX network is secured by the secure proof-of-stake (SPoS) consensus mechanism, where nodes need to stake EGLD to secure the network and act as validators.

UTK (xMoney) is available for purchase on major crypto exchanges such as Huobi, BYDFi, Binance, Hotbit, Bitfinex, and more.