This development means that users in over 100 countries can now legally purchase Pi with fiat currency through BANXA, directly in the Pi Wallet. Importantly, this access occurs before Pi launches its official mainnet, providing a regulated alternative to the peer-to-peer transactions that were previously the norm.
For Pi Network, this change signals a step closer to mainstream adoption. The new setup helps reduce friction for users, enhances compliance credibility of BANXA, and improves integration for institutional partners wary of legal risks.
The approval also hints at broader integration. Analysts suggest that platforms like HTX and BitMart may soon follow suit with their own KYB certification, which could open the door for full listing of Pi on major cryptocurrency exchanges — a move that would significantly boost visibility, trading volume, and legitimacy of the token in global markets.