The xMoney Expansion: Why We’re Building on Sui

A large part of xMoney’s core mission is to make our robust suite of financial products accessible to everyone. As part of our refined direction, we needed to be strategic with our choice in blockchain partners, and the decision to expand to Sui aligns perfectly with our vision to amplify that mission, helping us disseminate our financial products to a wider base and helping proliferate our plans to expand globally.

Strategic Reasoning for Sui

There are many advantages motivating our expansion to Sui, most notably Sui’s offerings of liquidity, scale, and momentum needed to accelerate our reach. Today, our financial products are already being used and integrated within Sui projects, and we expect our official launch on Sui to further propel our mutually beneficial partnership.

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One example of how our products are already powering real adoption on Sui is through xPortal - a leading decentralized finance (DeFi) super app utilizing xMoney’s infrastructure - which recently issued the first ever payment card on Sui.

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By expanding to Sui, we’re also gaining access to unique technological advantages that align with our product roadmap - like zkLogin - which allows users to access blockchain benefits by simply logging in with a social account such as Apple, Facebook, Google, or Twitch - an absolute game-changer when it comes to mainstream onboarding.

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Sui also opens new doors for merchants, introducing them to new pools of liquidity and DeFi-powered access to capital, helping them scale faster in a digital-first economy. Merchants benefit not just from payments, but from access to Sui’s DeFi ecosystem and capital markets.

Key Benefits

Further aiding our decision to expand to Sui is the understanding that every participant in our ecosystem benefits from the integration.

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Merchants gain access to new infrastructure and a broader user base, allowing them to tap into Sui’s vibrant ecosystem and unlock additional sources of capital and liquidity to grow their businesses. As part of our expansion approach, this ensures they can serve customers across ecosystems - from Sui, MultiversX, and beyond.

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Users will enjoy utilities such as staking, loyalty rewards, and governance, which is now available to them in a seamless, fast-growing ecosystem. Innovations like zkLogin’s ability to simplify blockchain participation by using just an email address will help remove barriers for users by abstracting complexity. Ultimately, this will pave the way for easier mainstream adoption - something everyone benefits from, regardless of chain. Rewards also remain a core part of the experience, where users still benefit from cashback in EGLD but now gain access to new Sui-based utilities and opportunities.

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The community benefits from stronger liquidity and broader exposure as xMoney expands into multiple ecosystems. Opening new doors ensures the long-term sustainability and growth of the xMoney ecosystem, making it more resilient to market shifts. This expansion strengthens our position as a global leader in payments and financial services, bringing additional visibility, partnerships, and credibility to our community.

Longterm Vision

MultiversX is the original contributor to xMoney. In terms of community, we deeply value our roots in MultiversX, as this community has been essential to our journey. We must reiterate: Our move to Sui is an expansion, not a departure. We are building forward, not walking away. 

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EGLD rewards, MultiversX integrations, and xPortal partnerships will continue on and will become even more robust as we open new doors for everyone through our expansion efforts.

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The expansion to Sui is just another step towards growth. We remain fully committed to MultiversX and will continue building in the ecosystem. If xMoney is meant to go global, our products must be available wherever merchants and users are - across ecosystems and across borders. Limiting ourselves to one chain would limit our vision, and our vision is to become a global financial platform.

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We built our foundations on MultiversX: from on/off ramp and issuing solutions for merchants to cashback in EGLD for consumers. Now, we’re moving forward to expand wherever merchants and users need us most.

In doing so, we ensure xMoney products are available across different blockchain ecosystems, each with its own strengths, putting us in the best position for global scalability, and ensuring sustainability, resilience, and the far reaching dissemination of xMoney.

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Ultimately, our expansion to Sui allows us to tap into one of the fastest-growing blockchain ecosystems, one with deep liquidity and strong community momentum - a key ally helping further our mission of disseminating our products to as many people as possible.

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This is just the beginning …