Large announcement from the PI network. On the occasion of Pi2day, the PI network officially has In partnership with Banxa and OnramperTwo well-known Fiat-to-Crypto platforms that help users buy and sell cryptography using traditional money such as dollars, euros and rupees.
For everyday PI users, it means that it has become easier to convert PE parts into Fiat – and vice versa, without needing to go through complex crypto exchanges.
Transform Pi into real money
With this partnership, PI users can now buy PI parts using local currency via popular payment options such as credit cards, Apple Pay, Google Pay or bank transfers. No more jump through the hoops or need to understand complicated exchanges of cryptography, it is now as simple as online purchases.
Even better, users can also sell Pi for money directly in their bank accounts. This changes the game for people who have been pi for years but have had no clear way to withdraw.
Why the role of Banxa is enormous
Banxa does more than simply offer purchase / sale services. They have already bought more than 30.5 million Pi tokens, worth almost $ 19 million, to ensure that there is enough offer for trading. This means that users will not have to wait until the days for their orders spend – transactions can now be smoother and faster.
Banxa also helps new users open Pi portfolios by manipulating KYC checks (know your customer), even if they have not yet successfully managed the pi KYC. This reduces the barrier so that more people are starting to use PI.
Onramper: More options for Pi buyers
Onramper works a little differently. It brings together several Fiat suppliers to Crypto – such as Banxa and others – so that users of the PI network can choose from different payment and currency methods, all in one place.
Although it is not as deeply integrated as Banxa, Onramper always makes the PI room more accessible, especially in the regions where Banxa may not be available.
No overvoltage in Pi Coin
Despite all the recent buzz, the Pi Coin price is still stuck in the red zone. In the past few days, Pi Coin fell by 3.6%, from $ 0.57 to around $ 0.5356.
The addition of the concern is the huge unlocking of the Pi tokens to come in July. Nearly 337 million new PI tokens will join the offer in circulation next month. With low demand, it could reduce the price to around $ 0.40 soon.