Pi Network has announced a new partnership with Banxa and Onramper, significantly simplifying the process of exchanging Pi Coins for traditional currencies such as dollars and euros.
Benefits for Pi Users
Pi users can now easily purchase Pi Coins using local currency through popular payment methods like credit cards and digital wallets. Additionally, users can sell Pi and receive cash directly into their bank accounts.
Banxa's Role in the Partnership
Banxa is not just providing buy/sell services, but has also purchased over 30.5 million Pi tokens worth nearly $19 million to ensure market liquidity. This will help avoid delays in processing orders and facilitate quicker transactions.
Onramper's Features for Buyers
Onramper brings together multiple fiat-to-crypto providers, giving Pi users a choice of different payment methods and currencies. While its integration is not as deep as Banxa's, Onramper makes Pi Coins more accessible in various regions.
Thus, the new partnership between Pi Network, Banxa, and Onramper significantly enhances users' access to fiat money and makes the process of buying and selling Pi Coins more convenient, although Pi Coin's price continues to face challenges.
