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Sui partners with xMoney and xPortal to launch a virtual Mastercard for cryptocurrency payments in Europe
Sui is taking a significant step toward integrating cryptocurrency with everyday payments by partnering with financial platform xMoney and crypto super-app xPortal. This collaboration introduces a virtual Mastercard, allowing European users to spend cryptocurrency like cash. The initiative aims to simplify crypto payments and make blockchain technology more accessible to everyday consumers.
What the partnership brings to users
The partnership between Sui, xMoney, and xPortal offers a comprehensive payment solution that includes:
- Virtual Mastercard: Users can add the branded virtual card to Apple Pay or Google Pay, enabling seamless transactions across over 20,000 merchants.
- Custom Sui wallet experience: Integrated directly into xPortal’s app, this feature enhances self-custody and provides easy access to funds.
- Compliance and fiat ramps: Powered by xMoney’s licensed infrastructure, the solution ensures adherence to regulatory requirements and supports smooth fiat-to-crypto transitions.
A physical card is expected to be launched later in 2025, expanding the usability of the payment solution. With this development, Sui positions itself as one of the few Layer 1 blockchains enabling real-world transactions in a compliant manner.
Why this matters for cryptocurrency users
The introduction of the virtual Mastercard allows individuals to leverage their crypto holdings for everyday purchases, bridging the gap between traditional finance and blockchain technology. By utilizing xPortal’s user-friendly interface and xMoney’s robust infrastructure, the solution combines self-custody with convenient spending options.
“This powerful new product is a significant step towards making the Sui ecosystem more accessible to everyday consumers,” said Christian Thompson, Managing Director of the Sui Foundation.
Sui’s expansion strategy
Sui’s collaboration with xMoney and xPortal is part of a broader strategy to expand its ecosystem globally. While the initial rollout focuses on Europe, the company plans to enter the U.S. market and introduce additional enterprise services. These developments are expected to be unveiled at the upcoming Sui Basecamp event.
Sergiu Biris, CEO of xPortal, highlighted the importance of Sui’s performance and active community as key factors for the partnership. Meanwhile, Greg Siourounis of xMoney emphasized the significance of bridging crypto with traditional financial systems to drive adoption.
Key benefits for beginners and intermediate users
For individuals new to cryptocurrency or at an intermediate level, this partnership offers several advantages:
- Ease of use: The integration into xPortal simplifies the process of managing and spending cryptocurrency.
- Enhanced accessibility: The virtual Mastercard enables users to shop at thousands of merchants, making crypto payments more practical.
- Regulatory compliance: Leveraging xMoney’s licensed infrastructure ensures that transactions meet legal standards.
These features make the solution particularly appealing for users looking to transition from holding cryptocurrency as an investment to using it for day-to-day purchases.
As the blockchain industry continues to evolve, Sui’s move to integrate payment solutions into its ecosystem represents a significant step forward in mainstream adoption. With plans for future expansion and the introduction of more enterprise services, the company aims to solidify its position as a leader in crypto-enabled financial solutions.
