MultiversX Announces New Features for the xPortal SuperApp, Set to Rival Elon Musk’s Ambitions for X

Bucharest, Romania – xPortal, the crypto wallet for finance, Web3 and spatial computing, that launched in February 2023 by MultiversX (formerly known as Elrond Network), has announced a series of groundbreaking new features set to elevate its position as an apex SuperApp for a global user base.

xPortal is not just a secure decentralized digital wallet, but a dynamic SuperApp. It integrates social interactions, a news platform, access to the metaverse, NFTs, and gamification, offering a multifaceted digital experience. While Elon Musk is in the development stages of X (previously Twitter), aiming to host similar capabilities, xPortal is live and has an active community of 1.5M users, leading the charge in offering a comprehensive and interactive platform where users have full control over their crypto and fiat.

Sergiu Biris, MultiversX Head of Product, presented the new xPortal features at xDay, MultiversX’s signature conference held at Romania’s Palace of Parliament.

Biris showcased tools that will now enable the intuitive management of finances covering both crypto and fiat. Exciting new roll-outs include debit cards, and an impressive native in-app crypto purchase solution with full fiat to crypto on and off-ramping capabilities, along with a cross-chain solution for swapping crypto tokens. Peer-to-peer fiat payments and European IBANs, SEPA and SWIFT will be accessible to xPortal users in early 2024.

Users will explore a new form of interaction with xGenie, an AI-powered personal assistant, that will educate and guide users to ensure a smooth xPortal experience.

The features launched today, most notably the debit cards, were a long time in the making. Today’s launch elevates xPortal from a crypto wallet to a financial super app. We thus created a bridge to an interconnected future where the lines between crypto, fiat, and emerging technologies like AI dissolve, bringing an unparalleled user experience.

Sergiu Biris, MultiversX Head of Product

Other exciting developments include the launch of the xWorlds Developer Kit, an array of unique tools and SDKs that digital world creators can use to build the next generation of augmented reality experiences through leveraging xPortal as a wallet and distribution hub. The kit includes highly realistic AI-powered 3D avatars, or digital twins, which can be generated from only a few selfies. These avatars are customizable and can teleport to virtual worlds.

“Through xPortal, users will be able to use their digital twins to explore virtual worlds, and collect digital assets with real-world value”, said Biris.

A new augmented reality ‘Treasure Hunt’ prompting users to immediately search for 9 digital artifacts placed around Bucharest, with up to 400 EGLD waiting for anyone who collects them all.

Concluding, Biris unveiled xPortal’s new website and branding, capturing the essence of their new ethos of “Money Meets Freedom.”

About xPortal

Bridging crypto, cash, and cutting-edge technologies such as AI and spatial computing, xPortal stands as the preferred financial super app for over 1.5M global users. Offering features like debit cards, in-app crypto exchange, 3D avatars, and augmented reality experiences, xPortal provides intuitive financial tools and innovative technologies for the everyday user.

For media inquiries, please contact: Media Relations
Email: [email protected]

Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes – [email protected] or telegram @STORMPartners