Pi Network Introduces TransFi to Enhance Fiat Access in Wallet
Following the Pi2Day event in late June, the price of Pi coin has decreased by over 15%, now trading at $0.40 due to selling pressure and issues with token transactions reported by users. Despite the introduction of a third fiat on-ramp, TransFi, for purchasing Pi tokens, the price remains under pressure, currently at $0.41 with increased trading volumes reaching $88 million.
Key Developments
- Pi Network introduced TransFi as a new fiat on-ramp, joining existing providers Banxa and Onramp Money.
- Users can buy Pi using credit cards, Apple Pay, and Google Pay.
- Increased supply of Pi coins on exchanges rose from 370 million to over 405 million, a nearly 10% increase.
- Upcoming token unlocks in August will drop from 280 million to 160 million.
- Challenges include a lack of decentralized applications (dApps) and locked coins limiting usability.
Btc Hyper Presale
BTC Hyper presale has raised over $6 million, aiming to enhance Bitcoin's scalability through smart contracts. Token price is set at $0.0124.