🌐 1️⃣ What does GCV (Global Consensus Value) mean?
💫In the pie network, GCV = Global Consensus Value -
A value shared among users worldwide, where everyone agrees that "1 pie = 314.159 US dollars" (for example).
👉 This means it is a community-based digital value standard.
💢But the real work begins when you need to link this value to a real payment system - only then does it become tradable and usable.
💼 2️⃣ ISO Certificate - Foundation of Trust
Standards like ISO 20022 (banking message standard) and ISO 14001 (environmental management) legitimize the ecosystem.
ISO 20022: All international banking payments (including SWIFT) are now transitioning to this format.
🫴Meaning: If a value system like Pi GCV can send messages compliant with ISO 20022, banks will be able to "recognize" it.
ISO 14001: If GCV is linked to environmental or green projects, it indicates that GCV is a "Responsible Value."
✅ ISO = This ensures the system is trustworthy, auditable, and compliant with global banking frameworks.
💶 3️⃣ SWIFT - The Nervous System of Cross-border Payments
SWIFT (Society for Worldwide Interbank Financial Telecommunication) connects over 11,000 banks worldwide.
This system sends "messages" detailing where the money is going from and to.
In the Pi environment:
If Pi GCV is encoded in ISO 20022 format,
It will be possible to create a payment chain from Pi → Bank A → SWIFT → Bank B. Example:
Alice (India) ← Pay Wallet ← Local Bank (connected to Pi-GCV) ← SWIFT ← American Bank ← Bob (USA)
In this way, GCV value can be converted and sent in dollars or local currency.
✅ SWIFT provides compliance, traceability, and reliability of the banking network.
💫 4️⃣ Blockchains like Stellar - Instant Settlement Layer
SWIFT sends messages only, not money.
Blockchains (like Stellar or the main Pay network itself) can be instant settlement layers.
Flow:
A SWIFT message is triggered ← the payment intent is confirmed.
The blockchain ledger settles the value in Pi GCV instantly.
The recipient's bank balance is updated.
🔹 Blockchain = Speed (in seconds)
🔹 SWIFT/ISO = Compliance + Legal Recognition
✅ Together ← a "Fast + Reliable + Global" transaction network is created.
🏦 5️⃣ Bank - Entry/Exit (Real Money In and Out)
Local banks connect Pi GCV wallets.
When the user sends a payment using Pi GCV →, the bank converts it to USD/Euro/Indian Rupee and sends it.
This makes Pi GCV not just a "digital value", but usable in the real economy.
✅ Banks ensure that every cross-border transfer is legal, compliant with AML/KYC standards, and auditable.
🔗 6️⃣ Joint Flow (Example)
Alice (India) wants to send 1 Pi = $314,159 to Bob (USA).
Alice's wallet sends Pi GCV to an Indian bank.
The bank converts the value of Pi GCV → ISO 20022 message.
SWIFT sends a message ← American correspondent bank.
The Stellar/Pay blockchain settles the value instantly.
Bob's American bank adds the equivalent amount in USD instantly.
The transaction can be traced according to ISO/SWIFT standards.
✅ Outcome ← Cross-border transaction in less than 10 seconds
✅ Fully auditable, compliant with ISO standards, and globally reliable.
🧠 7️⃣ The Final Outcome
When ISO (trust layer), SWIFT (communication layer), blockchain (settlement layer), and bank (fiat layer) work together, the declared value of Pi GCV (for example, $314,159) can become practically usable, universally exchangeable, and legally recognized.
🔁 Simply:
ISO = Trust
SWIFT = Connection
Bank = Real Money
Blockchain (Pi/Stellar) = Fast Settlement
The combination of these four elements allows for the seamless integration of a global consensus value like Pi GCV into real-world cross-border payment systems.
We hope this comes to fruition.
