
Story Highlights
- Pi Network partners with Banxa and Onramper to make fiat-to-crypto exchange easier for everyone.
- Users can now purchase Pi using local currencies via cards, Apple Pay, bank transfers, and more.
- Banxa has acquired over 30.5 million Pi, valued at $19 million, immediately increasing trading supply.
- Despite these transactions, Pi Coin's price remains soft, with a slight decline, though supply will soon increase.
Pi Network announces a major update. On Pi2day, Pi Network officially partners with Banxa and Onramper. These two renowned fiat/crypto trading platforms help users buy and sell cryptocurrencies using traditional currencies like US dollars, euros, and rupees.
For daily Pi users, this means converting Pi to fiat currency and vice versa becomes much easier, without complex cryptocurrency exchange processes.
Turning Pi into Real Currency
Through this partnership, Pi users can now purchase Pi using local currencies via mainstream payment methods like credit cards, Apple Pay, Google Pay, or bank transfers. No more complicated crypto trading procedures - it's now as simple as online shopping.
Even better, users can directly sell Pi and convert it to cash, depositing into bank accounts. This is a significant breakthrough for those who have held Pi for years without a clear way to cash out.
Why Banxa's Role is So Significant
Banxa offers more than just buying and selling services. They have purchased over 30.5 million Pi tokens, worth nearly $19 million, to ensure sufficient trading supply. This means users won't have to wait days to complete orders - transactions can now be smoother and faster.
Banxa also helps new users set up Pi wallets through KYC (Know Your Customer) checks, even if they haven't passed Pi's internal KYC review. This lowers the barrier for more people to start using Pi.
Onramper: More Choices for Pi Buyers
Onramper operates slightly differently. It integrates multiple fiat-to-crypto providers (like Banxa), so Pi Network users can choose different payment methods and currencies on one platform.
While Onramper's integration isn't as deep as Banxa's, it still makes Pi Coin more accessible, especially in regions where Banxa might not be available.
Pi Coin Lacks Surge
Despite recent attention, Pi Coin's price remains in the red zone. Over the past few days, Pi Coin dropped 3.6%, from $0.57 to around $0.5356. Upcoming massive Pi Coin unlocking in July intensifies market concerns. Nearly 337 million new Pi Coins will enter circulation next month. Due to low demand, this could quickly push prices down to around $0.40.




