- Banxa enables direct Pi purchases and cash-outs in over 100 nations
- Onramper offers aggregated access to top fiat on-ramp providers
- New integrations improve wallet access, liquidity, and compliance
Pi Network has exhanced its ecosystem through new fiat-to-crypto partnerships with Banxa and Onramper. These integrations seek to make Pi Coin transactions easy to users in various regions. They improve the user access to Pi Coin as well as the overall utility and compliance of Pi Network.
Banxa Enables Direct Pi Purchases
Banxa enables the Pi Network users to purchase Pi Coin directly with fiat currencies via various payment options. These are bank transfers, credit and debit cards, Apple Pay and Google Pay. This eliminates the need to exchange cryptocurrencies to purchase Pi.
Moreover, Banxa facilitates off-ramping services, which allow users to sell Pi Coin and get fiat money in their bank accounts. This transforms Pi into actual currency. It also increases the user confidence with the increased network usability.
Banxa supports Know Your Customer (KYC) and provides wallet activation without native Pi KYC. This is called the mainnet micro function, which accelerates wallet onboarding.
Also Read | Pi Network Under Fire as Users Call for Token Transparency
Banxa Acquires Pi Coins
Banxa has acquired over 30.5 million Pi Coins, reportedly valued at $19 million, to supply liquidity. This ensures easier transactions and stable prices during user trades. This enhances the network infrastructure for future commercial applications.
It offers its services in over 100 countries but there are certain restrictions based on the local laws. Users must use the Banxa platform to confirm that they are available before making transactions. However, the global reach contributes to increased adoption of the Pi Coin.
Banxa API and widgets allow Pi-based businesses and developers to incorporate fiat transaction capabilities into their apps. These tools expand the economic opportunities in the Pi Browser. The utilities also promote in-app purchases and business-oriented payment options.
Also Read| Pi Network Expands Mainnet Wallet Access Without Full Migration
Onramper Integration
Onramper offers better access to several fiat-to-crypto on-ramp providers. It is more flexible because it accepts multiple payment options and cryptocurrencies. Its services allow it to cover more regions and financial systems.
Onramper widget allows Pi users to purchase Pi Coin through fiat money and secure payment platforms. This improves onboarding of users who have no expertise in cryptocurrencies. Furthermore, it enables easier conversions between fiat and Pi.
Onramper has completed KYB verification with Pi Network, which guarantees adherence to the required standards of secure operations. This also supports the network’s objective to have a compliant and trusted ecosystem. It enhances the user experience through minimized transaction friction.
Onramper improves purchases through a user-friendly interface and real-time access to various on-ramp services. The method benefits users who require speed and convenience. It also enhances Banxa’s more feature-rich platform.
Source: Pi Network
Pi2Day Introduces New Updates on Pi Network
Pi Network also launched the AI-powered Pi App Studio and Ecosystem Directory Staking. These platforms allow non-coders to develop apps and make the businesses more visible. The update adds broader use-case support to Pi’s Mainnet economy.
Other updates comprise the Node version update, .pi Domain auction extension and a third-party on-ramp integration. These developments enhance the technical basis of the Pi Network operations. Participants can also join the Pi2Day Ecosystem Challenge to win digital prizes.
Also Read| Happy Pi2Day 2025! Pi Network Rolls Out Two Game-Changing Features