Pi Network Expands Fiat On-Ramp Options
Pi Network Integrates Onramper and Onramp.money
Pi Network has significantly enhanced its accessibility by adding Onramper and Onramp.money to its Know Your Business (KYB)-verified entities list. This expansion brings the total number of verified businesses integrated with the Pi Mainnet to eight. The addition of these platforms allows users to buy and sell PI coin using various local fiat currencies, increasing adoption and potentially impacting the PI price.
Onramp.money: A Key Integration
The integration of Onramp.money is particularly noteworthy. This global fiat-to-crypto platform supports over 400 digital assets and operates in over 60 countries, facilitating purchases with local payment methods like UPI and IMPS in India, and VietQR in Vietnam. PI coin is already available for purchase on Onramp.money using 25+ supported currencies; however, USD purchases are not yet enabled.
The community has reacted positively to this development, viewing it as a crucial step towards broader adoption and usability. One user commented, "A major leap forward in making Pi more accessible and usable than ever before. This integration means faster, easier, and more secure ways to onboard users into the Pi ecosystem."
Recent Pi Network Developments
This latest integration follows a series of recent updates, including:
- Synchronization of KYC data across the Pi Browser and main Pi App.
- Pi Desktop updates enhancing functionality and compatibility.
- Launch of Pi App Studio and Ecosystem Directory Staking on Pi2Day.
PI Coin Price Performance
Despite these positive developments, the price of PI coin has fluctuated. While a 15.8% jump was seen last week, the price has since declined. At the time of writing, PI is trading at $0.51, with trading volume down 4.9% to $96 million. This suggests a potential lag in market sentiment responding to the recent positive news.
Codeum Note: While the Pi Network continues to develop its ecosystem, users should carefully consider the risks associated with investing in cryptocurrencies. Codeum offers smart contract audits and tokenomics consultations to help projects ensure the security and integrity of their blockchain initiatives. Our services can help mitigate risks and promote a safer crypto environment.
The market awaits a stronger catalyst to drive sustained price growth. The long-term impact of these recent developments remains to be seen.