Community Townhall Highlights

‍Bayar Ali, xMoney CFO, joined Greg Siourounis, our Founder and CEO, to discuss the current landscape at xMoney, introduce some of our new team members, and share our vision for the future.

Watch the full community townhall here.

Recent Recap of Work

To kick things off, Greg talked about what we’ve been working on recently:

1. Infrastructure: We’ve been building infrastructure that can scale, which is paramount if we wish to capture global markets. “We’re building interesting products - like a stablecoin - and all of the rails to facilitate the crypto side of the business.”
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2. New Team: We’re moving forward with a new team to achieve our business plan, which is the most important element that will take us to the next level. “We’ve built a top notch team of leaders, each of them leaders in their fields, who have elevated the level of work internally to a considerable degree.”
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3. Business Development: Building a solid strategy for business development (BD) is something we’ve been lacking for quite some time. We’re building an entirely new business development model and will hopefully share some great news in the coming months by converting new clients in the form of merchants and consumers.

Stablecoin Development

The conversation then turned to a topic on the minds of many in our community, with Bayar acknowledging that people have been asking on social media about our stablecoin. He said that since we’ve announced it, we’ve had to overcome many hurdles and blockers, including tireless conversations with banks, regulators, and partners.

But fortunately, Markets in Crypto-Assets (MiCA) regulation is finally here, and we’ve secured licenses on the fiat EMI and VASP side - something many players in the industry struggle with securing. “The entry barriers are high, particularly in the European space,” he said. “It’s challenging, and I think what’s important is we need to do it right.”

Introduction to Bayar Ali and the New Leadership Team

Bayar then gave a more formal introduction to the community, thanking Greg for bringing him aboard, and sharing how he’s been with us since May of this year. “It feels right to be here,” he said. “The last 10 years of my career have brought me to this point. I’ve been working in payments for 10 years and blockchain for the last four years - experience and value which I bring to xMoney.” He reiterated he’s thrilled to be part of the team, with Greg giving shout-outs to some of our other new team members:

Minas Kitsos, Chief Product Officer: Has a strong background in payments and API buildup.

Jarno Stuth, Chief Commercial Officer: Has 25 years of BD experience in Central Europe.

According to Greg, we don’t want to be in the news as “just launching another stablecoin,” but rather to have a business that can actually use the stablecoin. “Our concern is always to build the business side, and that’s why the onboarding of Jarno was quite important.”

Laura Enache, Executive Lead - Fiat: Leads the business in Romania, is super smart, and has been helping the team a lot.

While we’re still building up the team, we have three very senior advisors who are going to help with global expansion. “We’re not here to stay in Europe, we’re here to solidify and acquire market share, with eyes on other areas like Africa and Latin America where - with our partners - we want to increase our presence.”

A New Era of Payments

For Bayar, our new outlook on payments is not just viewing fiat and crypto individually, but rather the unified vision of seeing both simply as payment.

The most important element for Greg is having a stablecoin because it’s the translator of any value into something that can travel fast, transparently, and cheaply. “xMoney is at the center of the revolution that’s coming, which is going to come from infrastructures like the one we’re making now.”

But at the end of the day, he believes we won’t need to know that we’re using blockchain in everyday actions or transactions. “What we do need to know is that the transactions are safe, reliable, fast, and cheap,” he said. “One of xMoney’s visions is that payments should be as easy as a walk in the park, and we have the technology in order to achieve this.”

Not only do we have the technology, but Bayar highlighted the importance of how we’re starting in Europe - the first crypto-regulated continent - which will make it easier for us to expand to other continents where similar regulations will be implemented.

The conversation then moved to artificial intelligence (AI), with Greg sharing his confidence that xMoney will be the payments solution for any of the global AI payments agents because we’re ahead of the game in finding solutions for our stablecoin to be AI-compatible.

From Many Rails to One Payment Road

In the end, Greg and Bayar converge on the same point: crypto and fiat are on a path to unite—and, in time, every bank will issue its own stablecoin. Greg envisions a true stablecoin marketplace where one person pays in their stable-familiar currency, and the other withdraws in their stable-familiar currency. No friction, just choice.

Within the ecosystem we’re building, incentives are the glue. As Bayar highlights, every stakeholder, including merchants, issuers, cardholders, and advertisers, must see clear value. xMoney is well-positioned here: our product suite already ties these pieces together, creating a meaningful advantage for what’s next.

For Greg, the “holy grail” is interoperability. We’re currently laying the low-level rails that let these incentives interoperate across networks. xMoney is innovating at that layer—and we’ll have more to share in the months ahead.