Pi Network now lets users buy Pi with fiat or credit cards via a new wallet “Buy” feature, marking a significant update in user interaction.
According to today’s news, Pi Network has released a significant update that alters how users interact with the site.
Through the Pi Wallet, users may purchase Pi directly with credit cards and fiat money.
Direct Pi Purchases Are Now Supported Via Pi Network’s Wallet
The new “Buy” feature—powered by Banxa and Onramper—has subtly surfaced for a small group of Pi Wallet users.
Because of this integration, regular customers can now purchase Pi using well-known payment methods.
This covers Google Pay as well as debit and credit cards.
This entails boosting their Pi holdings with a few taps rather than navigating complicated cryptocurrency trades.
After seeing the update, Woody Lightyear, a leader in the Pi community, initiated the discussion on X by inquiring whether other Pioneers had access yet.
The feature is a significant step toward the network’s objective of broad adoption, even though not everyone can currently use it, especially those whose wallets haven’t been enabled through Banxa.
Making it more straightforward for new users to sign up is crucial for Pi Network.
Direct fiat on-ramps facilitate the network’s overarching objective while making the procedure easier for new users.
As the platform expands, Pi Network ensures these transactions are secure and compliant with regulations by collaborating with Banxa and Onramper.
Thanks to Pi Network, users may now easily handle their bitcoin and fiat money.
Individuals can expand their Pi holdings in certain regions by integrating with services such as Apple Wallet.
This exemplifies Pi Network’s objective of incorporating Web3 technology into daily life.
Pi Network wants to make cryptocurrencies as simple as standard financial apps, as evidenced by the new “Buy” feature.
Its wallet allows users to convert their fiat currency.
Pi Network is enhancing its infrastructure by integrating blockchain technology with common digital payments.
Building Momentum Beyond Payments
Following significant adjustments to the Pi Network ecosystem, the “Buy” button was made available.
Since its debut, the Pi App Studio has grown quickly; more than 7,900 decentralized applications (dApps) have been developed in just a few weeks.
Pi Network just published Pi Node v0.5.3, an update.
This update improves interoperability with the blockchain explorer and streamlines node setup.
Users can now more readily verify data and help decentralize the network.
In addition, the price of the Pi coin jumped by about 7% to $0.4842 over the past day, and the market capitalization grew by 7.4% to surpass $3.73 billion.
The trading volume has increased by 228% to around $189.34 million, doubling.
Due to continuous system improvements and the new opportunity to purchase directly with fiat money, this increase shows that investors are regaining confidence.
