Big news from the Pi Network! On Pi2day, the platform announced partnerships with Banxa and Onramper, two leading fiat-to-crypto gateways. These collaborations aim to simplify buying and selling Pi Coins using traditional currencies (USD, EUR, INR, etc.)—yet Pi Coin's price remains stagnant. Here’s why.
Simplified Pi-to-Fiat Conversions
The integration with Banxa and Onramper allows Pi users to:
- Buy Pi Coins via credit/debit cards, Apple Pay, Google Pay, or bank transfers.
- Sell Pi for cash deposited directly into their bank accounts.
No more complex exchange hurdles; transactions now feel like online shopping.
Banxa’s Strategic Impact
- Liquidity Boost: Banxa purchased 30.5M Pi tokens (~$19M) to ensure smooth trading.
- KYC Accessibility: Helps new users create Pi wallets even before completing Pi Network’s internal KYC.
- Faster Transactions: Reduces order fulfillment delays.
👉 Discover how Pi Network is bridging crypto and traditional finance
Onramper’s Role
- Multi-Provider Aggregator: Offers diverse payment options/currencies where Banxa isn’t available.
- Expanded Reach: Especially beneficial for users in underserved regions.
Why Pi Coin’s Price Isn’t Rising
Despite the partnerships:
- Current Price: $0.5356 (3.6% drop from $0.57).
- Upcoming Challenge: 337M Pi tokens unlock in July—potentially driving prices down to ~$0.40 amid low demand.
Key Takeaways
| Factor | Detail |
|--------|--------|
| New Utility | Easier Pi/fiat conversions. |
| Liquidity | Banxa’s bulk Pi purchase supports trading volume. |
| Price Risk | July’s token unlock may suppress values. |
FAQ
Q: Can I cash out Pi Coins now?
A: Yes, via Banxa/Onramper—sell Pi directly to your bank account.
Q: Why hasn’t Pi Coin’s price increased?
A: Market skepticism and impending token unlocks outweigh partnership optimism.
Q: Is Pi Network legit after these partnerships?
A: Collaborations with regulated platforms (Banxa/Onramper) add credibility, but prices reflect broader market dynamics.
👉 Explore Pi Network’s latest updates
Final Thought: While these partnerships enhance Pi’s usability, investors should monitor July’s token unlock impact closely.
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- Token unlock