The Pi Network community has responded enthusiastically to the recent announcement of the Chainlink and Mastercard partnership, resulting in a notable increase in the price of PI tokens.
Chainlink and Mastercard Partnership
The collaboration between Mastercard and Chainlink introduces the Swapper Finance platform, enabling 3.5 billion Mastercard cardholders to purchase cryptocurrency assets directly on-chain using Chainlink’s infrastructure. This is seen as a significant step towards bridging traditional finance with decentralized ecosystems.
Limited Integration Capabilities
Despite the excitement among Pi Network supporters, the current partnership with Chainlink has limited scope. The integration only allows for real-time price feeds but does not provide direct payment functionality or trading capabilities through Mastercard.
Community Discussions around Pi Network
Members of the Pi Network community are expressing opinions about potential use cases including DEX trading, lending platforms using Pi as collateral, and tokenization of real-world assets on Pi’s blockchain. However, these ideas remain theoretical at present. Discussions within the community are active, but it's essential to note that integration and payment gateways represent different levels of operational capability.
While the integration of Chainlink with Pi Network provides certain technical possibilities, actual benefits and access to payment systems will require further steps and negotiations.
