Wallet Update for Pi Introduces Exchanging Features, Includes Support for International Banks
The Pi Network, a mobile-first, energy-efficient blockchain platform founded by Stanford graduates, is making significant progress towards exchange integration and mainstream adoption.
Recently, the Pi Wallet was updated with new features, including a "Buy" screen that offers options for "Exchange" and "Mine Pi for Free." This update suggests that Pi Network is preparing for broader exchange integration, potentially paving the way for listings on major platforms like Binance and Coinbase.
The wallet now includes "Binance Connect" and "Binance P2P," indicating a strong indication of preparations for listing on Binance. Moreover, Pi Coin is officially listed on the US-regulated exchange Swapfone, as well as on platforms including MEXC, OKX, Gate.io, and LBank.
The Pi Core Team has also emphasized the importance of completing two-factor authentication (2FA) for the Pi Wallet as a critical step in migrating tokens to the Mainnet. This move enhances wallet security and readiness for broader adoption and exchange activities.
In addition to exchange preparations, the Pi Network has launched Pi App Studio, a no-code AI-powered platform to ease app and chatbot development within the ecosystem. This tool supports direct deployment via the Pi Browser and Pi Wallet integration, enriching Pi’s ecosystem utility.
The updates also hint at expanding user options for fiat on/off-ramps, facilitating easier conversion between Pi tokens and fiat currency within the Pi Wallet environment. However, explicit details on fiat payment integration were not directly reported in the latest updates.
The community is buzzing with anticipation about a "major update" that could include new exchange listings and enhanced ecosystem functionalities. Recent official reminders to complete KYC and wallet security steps have fueled this excitement.
The Pi Network currently boasts over 50 million users and its mainnet strategy includes gradual utility rollouts. With these updates, Pi Network is gradually building towards mainstream status.
The current market price of PI is $0.44 with a 24-hour volume of $60.82 million. Some community members believe the Pi token is undervalued. Payment methods for buying Pi include credit cards, Apple Pay, and Google Pay.
Each update brings Pi closer to becoming a widely accepted digital currency. If user adoption and network activity follow suit, Pi could position itself as a strong player in the future of mobile-based decentralized finance.
The Pi Network is continuing its second phase of migration, aiming to accelerate real-world utility for its native cryptocurrency, Pi. Users can now purchase Pi directly with fiat currencies using services like Onramper and Banxa. Pi Network has also expanded access to its wallet app, supporting hundreds of banks worldwide.
In this pivotal moment in Pi Network's roadmap, users will soon be able to access exchanges directly within the app, marking a significant move towards real-world adoption for Pi Network. If Pi can maintain its steady progress and attract widespread user adoption, it could indeed become a key player in the future of mobile-based decentralized finance.
- The Pi Wallet's update, featuring a "Buy" screen with options for "Exchange" and "Mine Pi for Free," implies that Pi Network is readying for broader exchange integration, potentially leading to listings on platforms like Binance and Coinbase.
- The inclusion of "Binance Connect" and "Binance P2P" in the Pi Wallet suggests preparations for listing on Binance, a strong indication of potential mainstream adoption.
- The Pi Core Team stresses the importance of completing two-factor authentication (2FA) for the Pi Wallet as a crucial step towards Mainnet migration, enhancing wallet security and readiness for broader adoption and exchange activities.
- Pi Network's recent launch of Pi App Studio, an AI-powered platform for app and chatbot development, supports direct deployment via the Pi Browser and Pi Wallet integration, enriching the Pi ecosystem's utility.
- With the expansion of fiat on/off-ramps within the Pi Wallet, users will experience easier conversion between Pi tokens and fiat currency, bringing Pi closer to becoming a widely accepted digital currency in the future of mobile-based decentralized finance.
