A major announcement from Pi Network on the occasion of Pi2day: Pi Network has officially partnered with Banxa and Onramper, two platforms that support fiat-to-crypto conversion, making it easier for users to buy and sell Pi Coin with currencies like USD, euro, and rupee.
For daily Pi users, this means that converting Pi Coin to fiat money and vice versa has become much simpler without having to go through complicated exchanges.
### Converting Pi to real money
Thanks to this collaboration, Pi users can buy Pi Coin using local currency through popular payment methods such as credit cards, Apple Pay, Google Pay, or bank transfers. This has removed many technical barriers, making the buying experience as convenient as online shopping.
Furthermore, users can also sell Pi and receive cash directly into their bank accounts, which is a breakthrough for those who have held Pi for a long time but have not had a clear way to withdraw money.
### The important role of Banxa
Banxa not only provides buying and selling services but has also purchased over 30.5 million Pi Tokens worth nearly $19 million to ensure sufficient supply for transactions. This helps users execute buy and sell orders quickly, avoiding delays.
Banxa also supports newcomers in opening Pi wallets by completing KYC (Know Your Customer) checks, even if they haven't completed the internal KYC of Pi, reducing barriers to accessing cryptocurrency.
### Onramper: More choices for Pi buyers
Onramper acts as a platform that aggregates multiple providers of fiat-to-crypto conversion services, including Banxa and other partners. As a result, Pi Network users can conveniently choose from various payment methods and currencies.
Although not as deeply integrated as Banxa, Onramper helps extend access to Pi Coin in areas where Banxa is not present.
### Pi Coin has not gained price momentum
Despite several positive news, the price of Pi Coin has declined in recent days. Specifically, the price has dropped by 3.6%, from $0.57 to around $0.5356.
Another major challenge is the expected large-scale unlocking of Pi Tokens in July, with approximately 337 million Pi Tokens to be put into circulation. While demand has not increased, prices are expected to drop sharply to around $0.40 in the near future.
Source: https://tintucbitcoin.com/pi-network-hop-tac-gia-khong-tang/
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