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Pi Network has introduced a new identity verification feature known as
KYC, aimed at enabling new users and non-users to activate their mainnet wallets earlier in the ecosystem. This enhancement integrates artificial intelligence (AI) into the KYC process, streamlining user onboarding while maintaining strong security standards. Prior to this update, users had to complete at least 30 mining sessions before they could submit a standard KYC application, resulting in a natural delay in their ability to engage with the Pi mainnet ecosystem.Under the new Fast Track KYC, users who have completed fewer than 30 mining sessions are now eligible to begin the identity verification process directly within the Pi wallet application. This allows them to activate their mainnet wallets immediately after verification, enabling early participation in Pi applications, local commerce, and ecosystem activities. However, it is important to note that Fast Track KYC does not enable full mainnet migration. Users must still complete 30 mining sessions and go through the standard KYC process to migrate their mining balances to the mainnet.
The introduction of Fast Track KYC marks a significant milestone for Pi Network, as it allows the platform to offer a self-contained identity verification solution without relying on third-party services such as Banxa. This reduces complexity and provides an alternative onboarding path for new users, although it does not guarantee faster approval times. The automated nature of Fast Track KYC may result in more conservative verification standards, and applications that do not meet these criteria may still be rejected.
Pi Network views Fast Track KYC as a stepping stone for future improvements in its identity verification infrastructure. The technology could be integrated into the standard KYC process to expedite user verification, reduce the need for manual reviews, and improve the overall efficiency of the onboarding system. This is in line with Pi’s broader vision of building a digital ecosystem driven by verified, real-world users that supports both practical utility and long-term compliance with global financial regulations.
The impact of Fast Track KYC is already evident in Pi’s growing user base, which has exceeded 14.82 million KYC-verified users who have migrated to the Pi mainnet blockchain. This milestone aligns with industry trends, such as the emergence of standards like ERC-3643, which embed identity and compliance logic directly into public network tokens. As Pi continues to expand its mainnet capabilities, it is also addressing regulatory challenges in different jurisdictions. For instance, Pi KYC services have been extended to eligible users in Syria following the U.S. administration’s termination of sanctions under Executive Order 14312.
While Fast Track KYC does not replace the standard KYC process, it represents an innovative approach to user onboarding in a decentralized environment. By balancing accessibility with security, Pi Network is positioning itself to accommodate a growing and diverse user base while maintaining the integrity of its ecosystem. As the platform moves forward with its Open Network phase, the integration of AI-driven verification tools like Fast Track KYC will likely play a pivotal role in shaping its future trajectory.
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