Pi Network Key Signal: The native Wallet allows fiat purchases of Pi coin, with daily volume skyrocketing over 240%.

Pi Network (PI) long positions are attempting a Rebound, with the European early trading today (22) reporting at 0.4762 USD, having briefly broken through the 0.500 USD threshold during the Asian session. Pi Network now allows the direct purchase of Pi coin using fiat currency through the Pi Wallet, thereby enhancing user accessibility.

After five months of development, Pi Network has launched the feature to directly purchase Pi coins with fiat currency in its native wallet. This long-awaited update simplifies access to Pi coins and eliminates the need for centralized exchanges. This stimulated the price of Pi coins to soar by 6% at one point, with a 24-hour trading volume surging by 244.54%.

The news has been confirmed through the official Pi OpenMainnet X account (formerly Twitter). They stated that users can now purchase Pi coins directly with US dollars and other currencies. The price of Pi coins at launch is $0.80 per Pi coin.

Pi Crypto News points out that this launch marks an important milestone in the expansion of Pi coin's global cryptocurrency access mission.

New feature eliminates entry barriers

The Pi wallet now allows verified users to purchase Pi coins directly, eliminating common DEX transaction fees and custody risks. There is no need to handle slippage management anymore, nor is there a need to switch token pairs or conduct exchange transfers. For users mining Pi coins daily or testing dApps in the Pi ecosystem, this change is undoubtedly a leap forward. The wallet will become a comprehensive cryptocurrency hub, simplifying the onboarding and participation process.

Unlike many projects eager to add liquidity tools, Pi Network has chosen a slow and methodical path. For five months, developers have focused on compliance, KYC security, and smart contract integration. Now, every purchase is tied to a verified user ID. All transactions are conducted through trust-minimized protocols.

The regional fiat currency compatibility of Pi Network has been carefully tested to ensure global access while maintaining legal clarity.

What are the results? The wallet functionality aligns with the principles of Pi: security, accessibility, and scalability.

Promoting Web3 Inclusivity

This is not just the launch of a feature, but a declaration. Pi Network hopes to make cryptocurrency accessible to everyone, from Gen Z users in tech hubs to small businesses in remote areas. Now, you can purchase Pi coin with just a few taps. Users do not need programming knowledge or trading experience.

This change makes Web3 feel more like Web2, with faster access and fewer hassles. For developers, this means they can use stablecoins to build applications. For stakers, it brings more liquidity to the system. For merchants, this means that buyer behavior in PI is more consistent.

What does this mean for the Pi ecosystem?

The impact of this feature spans across various aspects of the Pi ecosystem. The main advantages include:

1. As users acquire additional Pi coins, staking activities will increase;

2. Enhance the legitimacy of governance votes linked to verified buyers;

3. The growth of merchant adoption and payment use cases;

4. The interest of developers in developing on PI is increasing.

By embedding fiat access directly into the wallet, Pi Network can enhance its decentralized economy without sacrificing compliance or security.