Pi Network Partners with TransFi to Expand Fiat On-Ramps for 70+ Countries

Pi Network has announced a strategic partnership with Vilnius-based fintech firm TransFi to enhance global fiat-to-PI transactions, addressing previous limitations with its existing on-ramp partner, Onramp Money [1]. The integration, effective July 31, provides users in more than 70 countries with over 250 local payment options, including bank transfers, credit cards, and regional e-wallets. This move aims to streamline the buying process and reduce reliance on multi-step conversions, a challenge faced by earlier partners.

The collaboration followed a comprehensive Know Your Business (KYB) assessment conducted by the Pi Core Team to ensure regulatory and security compliance [1]. TransFi, certified under ISO 27001 and AICPA SOC standards, has been recognized for its secure and scalable financial infrastructure. This partnership is part of Pi Network’s broader strategy to improve user experience, particularly in emerging markets where traditional crypto on-ramps can be inefficient.

With over 7.75 billion PI tokens in circulation, the partnership is expected to significantly impact user engagement and liquidity [1]. The improved access to fiat on-ramps is also seen as a response to broader market challenges, including bearish sentiment and upcoming token unlocks. At the time of the announcement, $PI was trading at $0.41, with a 24-hour trading volume of approximately $91.53 million. Analysts are closely monitoring how this integration could influence the token’s market dynamics and future adoption [1].

The expansion aligns with historical trends showing that increased accessibility correlates with greater token adoption. By leveraging TransFi’s support for over 40 currencies, Pi Network is reinforcing its commitment to global inclusivity and usability. This initiative reflects the project’s long-term vision of making blockchain technology more accessible and practical for everyday use [1].

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