Pi Network Expands Global Reach with BANXA Approval
Pi Network has given the green light to BANXA under its Know Your Business (KYB) framework. This decision opens up new opportunities for the project. Now, users in more than 100 countries can buy Pi Network (PI) directly with cash. This partnership simplifies the process of entering the crypto world.
Dr. Altcoin, a well-known crypto analyst, shared the news on May 2. He believes this move is a game-changer. It makes it easier for people to get into Pi Network. No more complex steps to buy PI tokens. BANXA’s approval means smoother access to Pi for many.
But what does this mean for the Pi community? It’s a big step towards mass adoption. Users can now buy PI tokens easily. Thay don’t need to worry about complicated onramps anymore. It’s a meaningful milestone for Pi’s growth. It removes barriers for new users.
Peer-to-peer transactions also got a boost. Users must pass know-your-customer checks. They must also use non-custodial wallets. This system meets regulatory needs and boosts safety.
Exchanges like BitMart and HTX are likely to get more KYB approvals soon. Dr. Altcoin thinks these changes will be key topics at Consensus 2025. Pi’s focus on compliance could help it stand out.
Despite the good news, pi’s price has stayed flat. The PI/USDT pair is just above $0.58.The price has fallen below important moving averages. This shows sellers are in control. The relative strength index is around 40,indicating weak bullish pressure. The moving average convergence divergence is weak too. Ther’s no strong volume, and the average directional index is below 10. This suggests a weak trend. The market is waiting for a catalyst. If the $0.58 support holds,a bounce is absolutely possible. But for a real reversal, Pi needs to reclaim the $0.60–$0.62 area with strong volume.
