Pi Network announced a partnership with TransFi that will allow users to conveniently purchase PI coins with fiat currencies. This integration covers more than 70 countries and offers over 250 payment methods.
New Integration with TransFi
By restoring the reliability of purchases, Pi Network has integrated TransFi to ensure direct fiat transactions across the globe. The partnership aims to address issues that arose with the Onramp Money platform. A TransFi representative commented: "We are excited to enable direct fiat purchases of PI coin across 70+ countries with over 250 payment methods."
Expected User Benefits
This integration is anticipated as a significant step toward improving user experience. The current circulation of PI exceeds 7.75 billion. The introduction of TransFi is expected to support liquidity and user satisfaction amid the unstable market conditions.
Prospects and Potential Risks
Despite the positive market reaction, questions remain regarding the ability of the new integration to withstand the current bearish trend. Partnering with TransFi could serve as a strategic move toward long-term growth, attracting new users to the PI ecosystem. Regulatory compliance, evidenced by TransFi's ISO 27001 certification, adds confidence in reliability.
The integration with TransFi represents a significant step for Pi Network in seeking new avenues to strengthen its user base and increase trading volumes. Despite potential market risks, this move could foster the project's long-term development.
