The PI network has expanded its list of verified entities of Know Your Business (KYB) with the addition of Onramper and Onramp.Money.
The latter could allow users to buy and sell Pi Coin (PI) directly using local fiduciary currencies, further improving accessibility and adoption of the network.
Pi Network Kyb List adds two new names
The latest addition carries the total number of companies verified integrated into the Mainnet PI at eight. The official list of KYB now includes Onramper and Onramp.Money alongside established names such as OKX, Bitget, Banxa, Gate.io, Mexc and Pionex.
In particular, the inclusion of onramp.Money is quite important for the network. For the context, onramp.Money is a global Fiat-to Crypto platform which allows individuals and businesses to buy, sell and exchange more than 400 digital assets.
The platform is active in more than 60 countries, including India, Turkey, the United States, Brazil, etc. In addition, it supports various local payment options such as UPI and Imps in India, Vietqr in Vietnam, etc.
The Pi Coin Purchase option has already appeared on the platform, with more than 25 supported currencies. However, it is not available for purchase compared to the US dollar.
However, the pioneers celebrated this integration as a crucial step for the network.
“A major jump forward to make Pi more accessible and usable than ever. This integration means faster, easier and more secure means to integrate users into the Pi ecosystem,” published a user.
This marks the latest series of a series of network developments lately. Beincryptto reported that before Pi2day, the team has introduced new feature to synchronize your customer data (KYC) on the PI browser and the main PI application.
In addition, PI Desktop (previously known as Node Pi) received an update that added the complete rebounding of the full windows, a public key on the troubleshooting page and improved Docker compatibility.
The PI browser has also acquired complete account management capacities. The PI2day, the team launched Pi App Studio and Ecosystem Directory Staking.
Despite these consecutive deployments, the difficulties of the PI network prices have continued. PI organized a recovery last week, jumping 15.8% per day. However, he could not keep the gains.
Beincryptto data has shown that the PI value dropped by 4.3% in the last 24 hours. At the time of writing this document, the Altcoin was negotiated at $ 0.51. The negotiation volume also decreased by 4.9% to only $ 96 million. This indicated a reduction in the interests of the trader.
Recent positive announcements have not yet had the desired impact on feeling, so it is possible that the market is still waiting for a stronger catalyst. It remains to be seen this trigger.
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