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![CryptoJournaal Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1159541595357831170.png) CryptoJournaal [@CryptoJournaal](/creator/twitter/CryptoJournaal) on x 18.5K followers
Created: 2025-04-04 15:59:21 UTC

#xMoney ( $UTK ) - #Explainer

💡 What is xMoney ( $UTK )?

xMoney, formerly known as Utrust, is a blockchain-based payment platform designed to accelerate the adoption of cryptocurrencies as a payment method.

It was founded in 2017 with the goal of providing a secure, fast, and cost-efficient solution for both buyers and sellers.

In 2022, Utrust was acquired by MultiversX and rebranded as xMoney. The platform utilizes the MultiversX blockchain to offer a hybrid crypto-fiat payment system.

The $UTK token is an ESDT token (Elrond Standard Digital Token) on the MultiversX network, making it a fast, scalable, and cost-efficient solution for payments in both crypto and fiat.

#CryptoEcosystem

⚙️ How does xMoney ( $UTK ) work?

xMoney combines both on-chain and off-chain transactions:

🔸 Payment System:

Buyers can pay with a wide range of cryptocurrencies, including Bitcoin, Ethereum, and $UTK itself. xMoney converts payments in real time to the desired currency (crypto or fiat), eliminating volatility risks for sellers.

🔸 MultiversX Blockchain:

The network utilizes MultiversX’s Secure Proof of Stake (SPoS) consensus, ensuring low costs and fast processing of $UTK transactions.

#BlockchainInnovation

🪙 The role of $UTK

The $UTK token plays multiple key roles within the xMoney ecosystem:

🔸 Transaction Fees:

Users pay transaction fees with $UTK within the network, ensuring liquidity and participation in the ecosystem.

🔸 Staking:

Through the Guilds staking model, users can stake $UTK and earn rewards, providing additional benefits for participants.

🔸 Governance:

Token holders have voting rights on key decisions within the xMoney platform, making it a decentralized governance system.

#Tokenomics

🛠️ Key Features:

🔸 Accessibility:

xMoney makes it easy for both small and large businesses to accept crypto and fiat payments without requiring in-depth blockchain knowledge.

🔸 Trust:

The platform offers buyer protection and safeguards against price volatility, making it user-friendly for both consumers and sellers.

🔸 Incentives:

Buyers and sellers receive cashback in $UTK, motivating them to actively participate in the platform.

#BlockchainProgress

📜 History and Development:

🔸 Foundation and Acquisition:

xMoney started as Utrust in 2017 and was acquired by MultiversX in 2022. The name was changed to xMoney while maintaining its focus on secure blockchain-based payments.

🔸 Evolution:

xMoney has evolved from a simple payment platform into a comprehensive crypto-fiat payment system, with additional features such as staking and cashback rewards.

🔸 Partnerships:

xMoney has partnered with companies such as SL Benfica and Phone House, which use the platform for crypto and fiat payments.

#CryptoHistory

💸 Tokenomics

🔸 Total Supply:

The maximum supply of $UTK is X billion tokens, with a circulating supply of approximately XXX million as of April 2025.

🔸 Emission Rate:

The emission rate is governed by the community and may vary based on decisions within the xMoney ecosystem.

🔸 Market Capitalization:

The market capitalization of $UTK depends on market conditions but often ranks within the top 700-800 cryptocurrencies.

#MarketAnalysis

✅ Advantages of xMoney:

🔸 Integration of Crypto and Fiat:

The platform enables both crypto and fiat transactions, making it accessible to a wide range of users.

🔸 Scalability:

Thanks to the MultiversX blockchain, transactions are processed quickly and at low costs.

🔸 Trust:

Buyer and seller protection ensures a safe and reliable trading environment.

#DeFiApplications

⚠️ Disadvantages and Challenges:

🔸 Market Adoption:

While the platform is promising, the adoption of crypto payments in the broader market may be slow.

🔸 Dependency on MultiversX:

Reliance on the MultiversX network can be both an advantage and a disadvantage, depending on the network’s performance.

🔸 Competition:

xMoney competes with other crypto payment platforms such as Pay and BitPay.

#CryptoChallenges

🛠️ Use Cases and Adoption:

xMoney is already being used by companies like SL Benfica for ticket sales and Phone House for crypto and fiat payments. The platform also has integrations with popular e-commerce platforms such as Shopify and WooCommerce.

#DeFiAdoption

📊 Price and Market Performance:

The price of $UTK currently ranges between $0.03-$0.04 (April 2025) and has experienced fluctuations in the past, depending on the broader crypto market.

#MarketVolatility

🔮 Future Outlook:

The future of $UTK depends on several factors:

🔸 Adoption:

The adoption of crypto payments in the broader market could increase demand for $UTK.

🔸 Growth of MultiversX:

The growth of the MultiversX network could benefit xMoney, as the platform relies on this blockchain.

🔸 Competition:

The success of xMoney depends on how well it competes with other crypto payment platforms.

#DeFiFuture

🎯 Conclusion:

xMoney ( $UTK ) is an innovative platform that aims to bridge the gap between crypto and fiat.

With strong support from MultiversX and practical applications for both businesses and consumers, xMoney has the potential to become a key player in the world of crypto payments.

As always, it’s important to do your own research and be aware of the risks before investing.

#CryptoConclusion

🛒 Want to buy $UTK yourself?

$UTK is easy to buy on #Bitvavo:

✅ More than XXX #Altcoins available

✅ Up to €100,000 #AccountGuarantee

✅ Registered with De Nederlandsche Bank (#DNB)

✅ Sign up via the link below and trade up to €10,000 completely #Free!

🔗

#CryptoJournaal #AltcoinPedia #Bitcoin #Crypto #Exchange

📚 Useful Resources and Additional Information:

Want to dive deeper into the world of #xMoney or stay updated with the latest developments?

These links will help you stay informed:

🔹 Official Website:

🔹 X (Twitter): @xMoney_com

#CryptoResources #StayInformed

⚠️ Important Note:

🔹 This post is for educational purposes only and is not financial advice!

🔹 Only invest what you are willing to lose:

#Crypto investments can be volatile, and you may lose some or all of your investment.

🔹 Always do your own research (#DYOR):

Thoroughly research #crypto-assets, platforms, and wallets before investing.

🔹 Understand volatility risks:

The value of #cryptocurrencies can change rapidly, so be prepared for price fluctuations.

🔹 Keep your private keys secure:

Losing your private keys can result in losing access to your crypto assets.

🔹 Use reliable platforms:

Make sure to trade crypto through trusted and regulated exchanges or wallets that meet the necessary security standards.

#CryptoRules #CryptoSafety #CryptoRisks #Dyor

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XXX engagements

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**Related Topics**
[cryptocurrencies](/topic/cryptocurrencies)
[adoption](/topic/adoption)
[$utk](/topic/$utk)
[xmoney](/topic/xmoney)
[coins solana ecosystem](/topic/coins-solana-ecosystem)
[coins meme](/topic/coins-meme)

[Post Link](https://x.com/CryptoJournaal/status/1908187645752095144)