Pi Network Integrates TransFi for Direct Fiat $PI Purchases in 70+ Countries

Pi Network has added TransFi as a fiat on-ramp, enabling users to purchase $PI directly with traditional currencies without the need for multi-step conversions [1]. This integration, announced on July 31, simplifies the process for users to acquire the token through bank transfers, credit cards, and regional e-wallets. The platform now supports over 40 currencies and 250 payment methods, making it accessible in more than 70 countries [1].

The integration followed a successful Know Your Business (KYB) verification by the Pi Core Team, ensuring that TransFi meets regulatory and security requirements. The payment platform holds ISO 27001 certification and AICPA SOC accreditation, reinforcing its commitment to compliance and data protection [1]. This marks a critical step in aligning TransFi with Pi Network’s decentralized ecosystem and allows it to serve a global user base securely [1].

The move aligns with Pi Network’s mission to make cryptocurrency more inclusive. With over 7.75 billion $PI tokens in circulation, the integration reduces friction in purchasing the asset and makes the process more intuitive for both new and existing users. This is particularly beneficial in emerging markets, where users often face challenges in converting traditional currency into cryptocurrency through conventional methods. With TransFi, they can now enter the Pi ecosystem via local payment systems [1].

As of July 31, $PI traded at $0.41 with a 24-hour trading volume of $91.53 million. The token’s fully diluted valuation (FDV) stood at $41.81 billion, reflecting continued interest from investors. Despite recent price fluctuations, $PI remains among the top 40 cryptocurrencies by market capitalization [1].

This update reinforces Pi Network’s position as a user-focused blockchain platform, with increasing real-world utility. By enhancing payment infrastructure and token access, the project is laying the groundwork for broader adoption and practical application in everyday use cases.

Source: [1] Pi Network Adds TransFi for Direct $PI Fiat Purchases (https://coinfomania.com/pi-network-adds-transfi-for-direct-pi-fiat-purchases/)