cryptonews 2025-04-24 13:23:31

Sui Reveals Virtual Mastercard with xMoney and xPortal, Announces Physical Card

Sui , a Layer 1 blockchain and smart contract platform, has partnered with financial platform for businesses xMoney and crypto app xPortal , to bring a custom Sui wallet product and virtual Mastercard to millions across Europe. The new full-stack digital payment experience is available immediately and will expand worldwide. Per the press release shared with Cryptonews , the US expansion is “on the horizon.” Sui is going full lifestyle chain We’ve partnered with @xPortalApp + @xMoney_com to bring you: A virtual Sui Mastercard, with Tap to Pay via Apple Wallet and Google Pay A custom Sui wallet experience inside xPortal Card issuance, fiat ramps, and compliance powered by… pic.twitter.com/SUFqqP94WX — Sui (@SuiNetwork) April 24, 2025 xPortal has integrated Sui into its wallet, which has a user base of about 2.5 million people. At the same time, xMoney provides the financial infrastructure, allowing “seamless spending and real-world utility,” the announcement claims. Therefore, the collaboration has produced a custom Sui wallet experience within xPortal and a branded virtual Mastercard. European users can add the card to Apple Pay and Google Pay immediately upon launch. Moreover, the team has confirmed that it plans to launch a physical custom-branded Mastercard by the end of 2025. It will expand its enterprise-focused, xMoney-powered offerings in the near future and release more products at Sui Basecamp on 1-2 May this year. Sui Mastercard? @xPortalApp is making that happen AND bringing their 2.5M-user wallet to Sui! In their app, you can: → Spend SUI with a Sui-branded virtual Mastercard → Custom wallet UI that reps your favorite chain → Built-in access to NFTs, dApps, staking, and more →… pic.twitter.com/o1gY4QrTZc — Sui (@SuiNetwork) April 24, 2025 According to Christian Thompson, Managing Director of the Sui Foundation, the “powerful new product is a significant step towards making the Sui ecosystem more accessible to everyday consumers – enabled by the seamless user experience and retail adoption of xPortal while xMoney’s extensive licensing work makes it all possible in a compliant and secure way.” Thompson adds that xPortal’s and xMoney’s innovations “showcase what’s possible when intuitive interfaces blend with strong infrastructure.” You might also like OKX Wallet Becomes Official Sui Partner, Expands New Features Compliant xMoney Experiences for Regulated Markets The press release claims that the partnership with xMoney and xPortal makes Sui one of the few Layer 1s that support frictionless real-world payments and financial services through a fully compliant platform. Immediately upon launch, users can pay with SUI at over 20,000 merchants within the xMoney payment solution. xMoney provides infrastructure, licensing, payment processing, and card issuing, allowing builders to create compliant financial products for regulated markets. Thanks to @xMoney_com , Sui users will get even more financial infrastructure — like fiat rails and B2B tooling — enabling seamless spending and real-world utility. → Card + payment infra, fully EU compliant → Accept crypto payments at 20K+ merchants → Access fiat on- and… pic.twitter.com/MVD22B8o2V — Sui (@SuiNetwork) April 24, 2025 “Our mission at xMoney is to bridge the gap between traditional finance and the decentralized economy,” says CEO Greg Siourounis. “Partnering with Sui allows us to provide builders and users with the compliance, infrastructure, and UX required to make crypto payments as easy and intuitive as any banking app.” At the same time, xPortal allows users to buy, spend, swap, and stake crypto within one interface that “preserves the security and ownership benefits of self-custody.” This way, the announcement argues, the app can boost digital economy innovation and mainstream adoption. Per Sergiu Biris, CEO of xPortal, “integrating Sui into xPortal aligns perfectly with our mission to make crypto accessible to everyone. This partnership allows our users to seamlessly tap into Sui’s real-world utility, all within a single, beautifully designed super-app.” At the time of writing, the SUI coin trades at $3.03. It’s up 2.6% in a day, 44% in a week, 26% in a month, and 127% over the past year. Also, SUI hit its all-time high of $5.35 in January 2025, decreasing by 43% since. The post Sui Reveals Virtual Mastercard with xMoney and xPortal, Announces Physical Card appeared first on Cryptonews .