Caterina Jentzsch bEM0

PI NETWORK UPDATE: PI NETWORK NEEDS $1,12 TRILLION FOR PI COIN TO REACH $100 NOW

PI NETWORK NEW UPDATE: PI NETWORK CORE-TEAM INTRODUCING PI MALL-PI MARKET-PLACES LIVE

The use of Pi Network as a payment option is reportedly gaining traction in various parts of Asia. According to recent developments, this cryptocurrency, which operates on a mobile-based mining system, is being integrated into everyday transactions by a growing number of users and merchants.
Pi Network, launched in 2019 by a team of Stanford graduates, aims to make cryptocurrency accessible by allowing users to mine coins directly from their smartphones without energy-intensive hardware. While still in its development phase, the project has attracted significant attention, especially in regions like Southeast Asia, where mobile penetration is high.
Reports suggest that small businesses and online platforms in countries such as Indonesia, Vietnam, and the Philippines are beginning to explore Pi as a payment alternative. This trend aligns with the broader rise of digital payments in Asia, driven by convenience and the increasing acceptance of blockchain technology. However, the network’s mainnet launch is still pending, and its long-term viability remains a topic of discussion within the crypto community.
As adoption grows, observers note that Pi Network’s success will depend on its ability to deliver on promises of scalability, security, and real-world utility. For now, its expansion in Asia highlights the region’s openness to innovative financial solutions.

What are your thoughts on Pi Network’s potential? Share your views below!

The issue of banks freezing accounts over Binance P2P transactions in Pakistan is indeed a significant challenge for crypto users. Here are some potential solutions and strategies to address this problem:
### 1. Regulatory Engagement and Advocacy
- Engage with Regulators: Crypto communities and stakeholders should engage with financial regulators to clarify the legal status of cryptocurrencies and P2P transactions. This can help in creating a more transparent regulatory framework.
- Form Associations: Forming associations or groups to represent the interests of crypto users can provide a unified voice to negotiate with banks and regulators.
### 2. Enhanced Due Diligence
- KYC/AML Compliance: Ensure that all transactions comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This can help in reducing the risk of account freezes.
- Transaction Documentation: Maintain detailed records of all transactions, including the purpose and parties involved, to provide to banks if required.
### 3. Bank Communication
- Pre-Notification: Inform your bank in advance about potential crypto-related transactions. This can help in reducing the likelihood of sudden account freezes.
- Bank Partnerships: Work with banks that are more crypto-friendly or are open to understanding the nature of crypto transactions.
### 4. Alternative Payment Methods
- Use Multiple Banks: Diversify your banking relationships to spread the risk. If one account gets frozen, you can still operate with others.
- Digital Wallets: Utilize digital wallets and other fintech solutions that may be more lenient towards crypto transactions.
### 5. Legal Recourse
- Legal Advice: Seek legal advice to understand your rights and the legal grounds on which your account can be frozen. This can help in challenging unjust freezes.
- Legal Action: If accounts are frozen without valid reasons, consider taking legal action against the bank for wrongful freezing.
### 6. Community Support
- Support Networks: Join online forums and communities where crypto users share their experiences and solutions. This can provide collective wisdom and support.
- Educational Campaigns: Educate the broader public and financial institutions about the benefits and legitimacy of cryptocurrencies to reduce stigma and misunderstanding.
### 7. Technological Solutions
- Decentralized Finance (DeFi): Explore DeFi platforms that operate independently of traditional banking systems, reducing reliance on banks.
- Blockchain Analytics: Use blockchain analytics tools to provide transparency and traceability of transactions, which can be shared with banks to prove legitimacy.
### 8. Government and Policy Advocacy
- Lobby for Clear Policies: Advocate for clear and supportive crypto policies at the government level. This can help in creating a more conducive environment for crypto transactions.
- Public Awareness: Increase public awareness about the importance of cryptocurrencies and their potential economic benefits.
### Conclusion
Addressing the issue of bank account freezes over Binance P2P transactions requires a multi-faceted approach involving regulatory engagement, enhanced due diligence, effective communication with banks, and leveraging technological solutions. By adopting these strategies, the crypto community in Pakistan can work towards a more secure and supportive environment for cryptocurrency transactions.
#Pakistan #Crypto #P2P #BankFreeze #TradingSafely

The 2024 Pi Commerce Hackathon has concluded, and the Core Team is delighted to announce two winners and two honorable mentions! The winning apps, Map of Pi and PyNook, were previously unveiled on Pi Day, and today, we also recognize City for Pi and Easy Goods!
The objective of the Pi Commerce Hackathon was to bring together community developers to create an app supporting local Pi commerce worldwide. The necessity for such an app was highlighted by the Pioneer community during last year's PiFest in December. Pi Network's inaugural PiFest event showcased the widespread engagement of businesses and customers in Pi Commerce on a global scale, with over 21,000 responses from Pioneers across 155 countries and regions.
We commend all participants of the hackathon; this month-long event was a dedicated effort from Pi community developers worldwide. Read on to discover more about each app, their achievements, and their future plans!
Why We Selected Map of Pi and PyNook:
Map of Pi and PyNook are platforms designed to meet the needs of both Pioneers and merchants in the Pi community. These apps facilitate the discovery of nearby businesses accepting Pi and offer merchants a user-friendly storefront, simplifying the adoption of Pi as a payment method. Their emergence reflects a tangible demand within the Pi community, evidenced by widespread Pioneer involvement in commerce-related activities, potentially unlocking the full potential of Pi cryptocurrency in local economies worldwide.
What distinguishes Map of Pi and PyNook is their intuitive user interface and focus on empowering local Pi commerce. Furthermore, both platforms utilize the Pi Open Source (PiOS) license, enabling developers worldwide to contribute to their growth and localization. Despite the time constraints of the hackathon, both teams collaborated effectively, demonstrating significant progress in just a month.
Map of Pi impressed with its intuitive user interface, cantered around a map where users can discover local Pi businesses. Merchants can seamlessly add their business to the map, and the Map of Pi team is enhancing functionality such as QR codes and menu items. With a robust UI, numerous sample storefronts worldwide, and integrations for Pi Authentication and Pi Payments, Map of Pi is off to a promising start.
PyNook has developed a clear app focused on the central use case of connecting merchants and pioneers. In addition to basic functionality, the PyNook team has implemented various features, including language options for global accessibility and a searchable list of businesses. Planned features include enhancements to user profiles and merchant sections.
Insights from the Winning Teams:
For the Map of Pi team, the hackathon was just the beginning: "Our focus post-hackathon is on refining the code, addressing bugs, and adding usability features as we prepare for the app's launch. We aim to launch shortly after Pi Day, with a dedicated team committed to maintaining, enhancing, and marketing the app in the future."
The PyNook team's decision to participate stemmed from confidence in the platform's potential: "We believe in the Pi platform's future and its potential to revolutionize technology development. Developing a Pi app allows us to realize our innovative ideas."
If you're a developer interested in contributing to these impactful ecosystem apps, explore their repositories and other Pi commerce PIOS apps here.
Honorable Mentions:
While Map of Pi and PyNook were standout apps, the Core Team is proud to acknowledge Easy Goods and City for Pi as honorable mentions.
Easy Goods closely followed the Pi Core Team's app prototype, making steady progress during the hackathon. Their compelling app interface will enable businesses to create storefronts, allowing pioneers to locate them easily. Next steps for Easy Goods include developing functionality for listing products and facilitating transactions.
City for Pi stood out for its unique design and advanced in-app functionality. While supporting local businesses and enabling users to select different locations, the app could further enhance support for local commerce and the discoverability of Pi merchants.
Several other robust Test net apps were submitted, delighting the Core Team. We encourage all named and unnamed apps to continue building exceptional local commerce apps. Diversity in apps provides pioneers and businesses with choice, facilitates localization, and contributes a wide range of utility to the Pi ecosystem. With over 55 million engaged pioneers, there is ample opportunity for numerous commerce apps to thrive together in this global community!