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

Journalist

Sead Fadilpašić

Journalist

Sead Fadilpašić

About Author

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Author Profile

Share

Copied

Last updated: 

April 23, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

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.”

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.

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.”

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.

“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.