Pi Network (PI) Major Update: Wallet allows fiat currency to purchase Pi coin, is mass adoption about to be realized?

Pi Network (PI) has launched an important update that allows users to purchase Pi coins directly with fiat currency in the Pi Wallet. This feature supports credit cards, debit cards, and digital payment services, simplifying the way users obtain crypto assets. This update marks a strategic initiative aimed at streamlining the access process and promoting broader user participation on the platform.

Pi Network introduces fiat entry through the "Buy" button

Through the integration with Banxa and Onramper, some Pi user Wallets have received a brand new "Buy" button. This update allows users to purchase Pi coins directly using familiar payment methods without going through third-party exchanges. It provides a more convenient way to acquire Pi coins, especially for new users.

Pi Network aims to lower the entry barriers and enhance user experience by simplifying the complex process of purchasing Crypto Assets. The "Buy" feature is now live in Wallets linked to verified Banxa accounts. Some users have shared their experiences using this feature, indicating that it will be rolled out in phases across the network.

Community members, including community leaders, have confirmed that the feature is now live in their Wallets. Although not all users can access it, this reflects Pi Network's commitment to practical applications. Banxa and Onramper are dedicated to ensuring that all transactions comply with regulatory standards.

Rapid expansion of ecosystems and application development

Pi App Studio continues to develop rapidly, having created over 7,900 decentralized applications shortly after its launch. Developers actively contribute new tools, enhancing the platform's engagement and usability. This momentum strongly supports Pi's long-term vision of integrating blockchain into daily services.

The recently released Node v0.5.3 of Pi Network has enhanced system performance and improved the blockchain transparency for node operators. This update simplifies node setup and also supports integration with blockchain explorers. These improvements contribute to the decentralization of the network infrastructure.

Users can now participate in data verification more efficiently, thus encouraging more people to engage in node activities. With the increase in adoption rates, the network infrastructure is expected to be enhanced and support a wider range of use cases. This move aligns with Pi Network's strategic goals of decentralization and growth.

The network will also continue to integrate with traditional tools, including digital wallets such as Apple Wallet. These connections provide users with additional control over their assets and access points. The network plans to expand its ecosystem into mainstream financial workflows.

PI coin shows strong momentum after major update

Today (23rd) in the Asian early session, the PI coin is reported at 0.4818 USD. This price increase occurred after the release of the fiat currency integration update. Its market capitalization has also grown by 7.4%, exceeding 3.73 billion USD.

During the same period, the trading volume surged by 228%, reaching approximately 189.34 million USD. This surge reflects a renewed interest in the token from the market, which may have been triggered by new purchasing options. With the improvement of infrastructure, people's confidence in Pi coin appears to be stabilizing.

(Source: Gate)