xMoney Global appoints Siourounis as CEO amid MiCA push

xMoney Global, a global inter-bank and cross crypto/fiat integrated payments platform, has announced the appointment of Dr. Greg Siourounis as Co-Founder and Chief Executive Officer.

Dr. Siourounis, who previously served as Managing Director of the Sui Foundation and founded Everypay, has been recognised for his contributions to economics, including a reference in this year's Nobel Prize in Economics and winning both the 2005 Young Economist Award from The European Economic Association and the 2008 Austin Robinson Prize from The Royal Economic Society.

The company's vision involves the launch of an integrated platform for fiat and crypto payments, underpinned by a native stablecoin, which would benefit consumers, businesses, retailers, and payment services. Dr. Siourounis is expected to lead xMoney in its efforts to provide improved methods for transferring money using blockchain technology, while ensuring compliance with the upcoming Markets in Crypto-Assets (MiCA) regulation in Europe.

Dr. Siourounis stated, "As Europe prepares to embrace MiCA regulation, xMoney Global is positioned to redefine what compliant, secure, and seamless digital payments can be. Our goal is to deliver a solid and trusted ecosystem that combines the strengths of traditional finance with the flexibility of blockchain technology to create a future-ready payment experience."

Beniamin Mincu, Co-founder of MultiversX, commented, "xMoney Global's mission aligns perfectly with the vision of MultiversX to bring scalable and secure blockchain solutions to mainstream finance. This appointment marks a significant step toward building a more inclusive and resilient financial system."

xMoney Global, a Mastercard principal member, also holds strategic European licenses, such as e-Money and Virtual Asset Service Provider (VASP). The firm aims to lead into a new era of EU-regulated stablecoins, leveraging blockchain for payments infrastructure development. Stablecoins, a significant factor in blockchain adoption, have recently seen transaction volumes outpace those of Bitcoin, remittances, and even PayPal.

The company's planned service offerings include acquiring, issuing, onramps/offramps, and a loyalty programme, all facilitated by MultiversX's advanced sharding technology. Following recent positive developments in the cryptocurrency market, xMoney is poised to enhance real-world adoption, simplifying access to fiat and cryptocurrencies for consumers and businesses through apps, cards, and payment gateways.