In latest news today, Pi Network has launched a significant update that changes how its community engages with the platform. Users can now buy Pi directly through the Pi Wallet using fiat money and credit cards.
Pi Network’s Wallet Now Supports Direct Pi Purchases
The new “Buy” function, powered by Banxa and Onramper, has quietly appeared for select Pi Wallet users. This integration opens the door for everyday users to acquire Pi using familiar payment methods. This includes credit cards, debit cards, and even Google Pay. This means skipping complex crypto exchanges and instead topping up their Pi holdings in just a few taps.
Pi community leader Woody Lightyear started the conversation on X after spotting the update, asking fellow Pioneers if they had access yet. Although not everyone can use the feature at this time, particularly those whose wallets haven’t been activated through Banxa, it is a crucial step in the direction of Pi Network’s goal of widespread adoption.
For Pi Network, it is important to make it easier for new users to join. Direct fiat on-ramps simplify the process for newcomers and support the network’s larger goal. By working with Banxa and Onramper, Pi Network makes sure these transactions are safe and follow the rules, key points as the platform grows.
Pi Network is making it easier for users to manage their cryptocurrency alongside regular money. By connecting with services like Apple Wallet, users in some areas can increase their Pi holdings. This demonstrates Pi Network’s goal to integrate Web3 technology into everyday life.
The new “Buy” feature demonstrates that Pi Network aims to make using cryptocurrency as straightforward as using regular financial apps. Users can convert their fiat money through its wallet. By improving its infrastructure, Pi Network is connecting everyday digital payments with blockchain technology.
Momentum Builds Beyond Payments
The “Buy” button was released after important changes to the Pi Network ecosystem. The Pi App Studio has experienced rapid growth since its launch, with over 7,900 decentralized applications (dApps) created within a few weeks.
Recently, Pi Network released an update called Pi Node v0.5.3. This upgrade simplifies node setup and enhances integration with the blockchain explorer. As a result, users can more easily validate data and contribute to decentralizing the network.
Additionally, over the last 24 hours, the price of Pi coin rose by approximately 7% to $0.4842, and the market cap increased by 7.4%, surpassing $3.73 billion.
Trading volume has more than doubled, increasing by 228% to about $189.34 million. This rise indicates that investors are regaining confidence, thanks to the new option to buy directly with fiat money and ongoing upgrades in the system.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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