- In his new position, Dr. Greg Siourounis, who has performed an instrumental position within the development of Sui Foundation, will drive xMoney’s growth into offering entry to higher methods to maneuver cash by blockchain and its MiCA-compliant infrastructure
- xMoney’s imaginative and prescient as the last word world, inter-bank, cross-crypto/fiat built-in funds platform will see it roll out a unified community for fiat and crypto funds backed by a local stablecoin, benefiting shoppers, companies, retailers and fee companies
Lichenstein, 27 November 2024 – xMoney Global, the worldwide, inter-bank and cross crypto/fiat built-in funds platform has appointed award-winning economist Dr. Greg Siourounis as Co-Founder and CEO. The firm is a Mastercard principal member, with strategic European licenses, comparable to e-Money and VASP.
As the digital panorama continues to evolve with the approaching MiCA regulation, xMoney Global intends to steer Europe into this new transformative EU regulated stablecoin period. Greg Siourounis will lead the mixing of xMoney’s superior blockchain-enabled funds infrastructure with its upcoming stablecoin program. Stablecoins are a key driver of blockchain adoption in right this moment’s market, now surpassing Bitcoin, remittances, and PayPal in annual transaction quantity. As such, xMoney’s Global status positions it to bridge Web3 innovation with conventional finance, main Europe into a brand new transformative EU regulated stablecoin period.
Dr. Greg, who has performed a pioneering position within the development of Sui Foundation as its former Managing Director and who beforehand based Everypay, will drive xMoney Global’s subsequent wave of development. Beyond the usual reference of his educational work in 2024’s Nobel Prize in Economics, Dr. Greg’s profession can also be embellished with awards such because the 2005 Young Economist Award from The European Economic Association and the 2008 Austin Robinson Prize from The Royal Economic Society. His speedy goal can be to deal with partnerships, regulatory alignment and market growth, as xMoney Global appears to construct a complete funds platform that bridges legacy monetary programs with the potential of decentralized finance.
Commenting on his appointment, Dr. Greg Siourounis, CEO of xMoney Global, mentioned:
“As Europe prepares to embrace MiCA regulation, xMoney Global is positioned to redefine what compliant, safe, and seamless digital funds will be. Our aim is to ship a strong and trusted ecosystem that mixes the strengths of conventional finance with the flexibleness of blockchain expertise to create a future-ready fee expertise.“
Beniamin Mincu, Co-founder of MultiversX, mentioned:
“xMoney Global’s mission aligns completely with the imaginative and prescient of MultiversX to carry scalable and safe blockchain options to mainstream finance. This appointment marks a big step towards constructing a extra inclusive and resilient monetary system.”
The launch of xMoney Global goals to supply a next-gen blockchain-as-a-service module backed by its native stablecoin, with key white-labeled companies together with buying, issuing, onramps/offramps and a sticky loyalty program, all backed by MultiversX’s state-of-the-art sharding expertise. Following the surge in crypto markets after Trump’s pro-crypto Presidential win, xMoney can be ideally positioned to speed up real-world adoption as the simplest means for everybody (shoppers, retail and e-commerce) to seamlessly entry fiat and crypto currencies in an app, card or fee gateway.
About xMoney Global:
xMoney Global is a pioneering funds firm and a Mastercard principal member with strategic European licenses, comparable to e-Money and VASP. xMoney Global goals to supply a seamless, safe, and future-focused funds ecosystem combining distinctive product focus, cutting-edge expertise and robust compliance.
Media Contact:
Essam Ali, [email protected]
Luna PR
