The Pi Network has broadened its payment options by incorporating a third fiat on-ramp into its system, addressing user concerns about ongoing problems with the Onramp Money platform.
Pi Network Integrates TransFi for Enhanced Fiat Accessibility
A recent update to the Pi Network wallet reveals the addition of TransFi as a new on-ramp, joining existing partners Banxa and Onramp Money. This new fiat gateway became apparent to users shortly after Onramp Money announced that Pi purchases would be temporarily unavailable until August. Now, with TransFi, Pi Network users, referred to as Pioneers, can conveniently acquire the token using widely accepted payment methods such as credit cards, Apple Pay, and Google Pay.
Previously, Pi Network users encountered cumbersome methods for obtaining Pi, including peer-to-peer exchanges, transfers to cryptocurrency exchanges, and movements within the closed mainnet. The integration of TransFi streamlines this process, allowing users to purchase Pi directly in a single, straightforward step.
TransFi, a Vilnius-based fintech company, significantly expands the Pi Network’s payment infrastructure with its extensive global reach. It supports fiat purchases in over 85 markets and facilitates transactions through more than 250 payment methods, encompassing open banking and real-time payment networks. This enhancement allows a greater number of Pioneers across Asia, Europe, and other regions to acquire Pi coins effortlessly, eliminating the need for complicated procedures.
Notably, in the Philippines, TransFi now facilitates direct Pi purchases through the popular local payment app GCash. Additionally, users in Hungary have observed that TransFi provides more competitive exchange rates compared to certain existing alternatives, further enhancing its appeal.
Onramp Money Delays Prompt Expanded Options
This strategic expansion arises in response to recent difficulties encountered with Onramp Money, which is still finalizing its Pi Network integration. Onramp Money communicated that, despite receiving numerous inquiries from users unable to locate their purchased Pi coins, the integration is ongoing and the official launch is now slated for August 2025.
The company has advised users to refrain from initiating further transactions until the integration is complete, assuring them that any pending transactions will be resolved upon the system’s activation.
Importantly, TransFi possesses official certifications, including ISO 27001 and AICPA – SOC, lending credibility to Pi Network’s development while prioritizing compliance and security. While Onramp Money addresses its technical challenges, Pi Network’s collaboration with TransFi enables users to directly purchase PI with traditional currency.
Pi Network’s integration of TransFi aims to address issues users have experienced with current payment methods, and give Pioneers better choice by broadening the fiat on-ramp options. With these integrations (Banxa and TransFi), the project now encompasses over 100 countries, aligning with its objective to broaden access to cryptocurrency.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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