Great announcement from the PI network. On the occasion of Pi2Day, Pi Network officially Work together with Banxa and OnramperTwo well-known Fiat-to-Crypto platforms that help users buy and sell crypto with traditional money such as dollars, euros and rupees.
For everyday PI users, this means that it was simply easier to convert Pi coins into Fiat -and vice versa, without complicated crypto exchanges.
Convert Pi into real money
With this partnership, PI users can now buy PI -Munten using local currency through popular payment options such as credit cards, Apple Pay, Google Pay or bank transfers. No more jumping through hoops or must understand complicated crypto exchanges, it is now as easy as online shopping.
Even better, users can also sell PI directly for cash in their bank accounts. That is a game changer for people who have been holding PI for years, but had no clear way to pay.
Why the role of Banxa is huge
Banxa does more than just offering purchase/sales services. They have already bought more than 30.5 million Pi -Tokens, worth almost $ 19 million, to ensure that there is sufficient trade. This means that users do not have to wait days until their orders continue – transactions can now be smoother and faster.
Banxa also helps to open new users PI wallets by treating KYC (Know Your Customer), even if they have not yet passed Pi’s Internal KYC. That lowers the barrier for more people to use PI.
Onramper: More options for PI buyers
Onramper works a little differently. It brings several Fiat-to-Crypto providers together-such as Banxa and others-so-called PI network users can choose from different payment methods and currencies, all in one place.
Although not as deeply integrated as Banxa, Onramper Pi Coin still makes accessible, especially in regions where Banxa may not be available.
No increase in Pi Coin
Despite all the recent Buzz, the price of Pi Coin is still stuck in the red zone. In the last few days, Pi Coin has fallen by 3.6%and fell from $ 0.57 to around $ 0.5356.
Adding the worries is the enormous unlocking of Pi -Tokens that emerged in July. Nearly 337 million new Pi -Tokens will participate in the circulating stock next month. With a low question, this could soon push the price up to around $ 0.40.