Pi Coin Surges in Adoption: Cars, Coffee, and Crypto's Real-World Breakthrough
1min read Pi Coin, the native token of the "Tap-to-Earn" pi Network, is experiencing a surge in acceptance for payments across various regions, including the U.S., China, Vietnam, and others. Businesses are now accepting pi coin for a range of purchases, from cars to everyday items like coffee. This growing adoption is a significant development for the cryptocurrency, as it moves towards real-world transactions.
One notable example of Pi Coin's adoption is its partnership with cube motors, a Florida-based car dealership. Cube Motors has started accepting Pi Coin as a payment method for vehicles, marking a significant step in the integration of cryptocurrency into real-world transactions. Similarly, Zito Realty, a top real estate company, has also teamed up with Pi Coin, allowing it to be used for property payments.
In China, Pi Coin's adoption is gaining traction, particularly in the automotive sector. BYD Auto Service Co., Ltd., based in Changsha, is now selling cars entirely through Pi payments. Buyers are using Pi at a fixed Global Consensus Value (GCV), demonstrating the coin's growing real-world use.
However, despite its growing use cases, Pi Coin faces regulatory challenges in some countries. Officials in China, Vietnam, and Thailand have raised concerns about the legality of using Pi for payments. In Vietnam, police have even warned people about the potential risks due to the country's rules on digital money. In South Korea, crypto is not yet officially accepted for payments, making Pi transactions uncertain. Nevertheless, more businesses are starting to accept Pi, indicating that many people still believe in it as a new way to pay.
In the last 24 hours, Pi token price has seen a surge of 4%, currently trading at $1.76. Listings on major exchanges like OKX, Bitget, and MEXC have helped it stay 14% higher over the past week. However, the price is still under pressure, and if selling pressure continues, Pi Coin could fall to $1.49 or even $0.70. But if more buyers step in and adoption keeps growing, the price could bounce back to $2.5.
