Pi Network (PI) Important Signal: Pi coin adds a third fiat purchase option, users complain about the ongoing issues with Onramp Money.

In the latest Pi Network update, the Pi team has added a third fiat access feature to its payment ecosystem. Previously, users complained about ongoing issues with the Onramp Money platform. This new feature aims to provide Pi Network users with a more convenient fiat purchasing channel to address the challenges faced by existing partners during the integration process.

Today (31st) during the European session, Pi coin continues to show a sluggish market, currently priced at 0.4181 USD.

(Source: Gate)

Pi Network expands fiat access through TransFi

In the latest update of the Pi Network wallet, TransFi has been added as a new access point, alongside existing partners Banxa and Onramp Money. Shortly after Onramp Money confirmed that Pi purchases would go live in August, users noticed the new fiat option. Now, Pi Network users can purchase TransFi coins using mainstream payment methods like credit cards, Apple Pay, and Google Pay.

Before this, Pi Network users often had to deal with some high-risk and complex processes, such as peer-to-peer transactions, transferring to exchanges, and trading after the mainnet closure. Now, due to the integration of its access features, users can easily purchase Pi in just one step.

The fintech company TransFi, headquartered in Vilnius, brings impressive global coverage to the payment infrastructure of Pi Network. It supports fiat purchases in over 85 markets and facilitates transactions through more than 250 payment methods, including open banking and instant networks. This means that more pioneering users from Asia, Europe, and other regions can easily buy Pi coin without complicated steps.

The Philippines is a prominent example, as TransFi now allows users to purchase Pi directly through the local payment application GCash. Meanwhile, users in Hungary have noted that the exchange rates offered by TransFi are more competitive than some existing solutions, further increasing its appeal.

Delayed Capital Market Entry Sparking Expansion Efforts: Challenges of Onramp Money

This strategic expansion comes at a time when Onramp Money is facing challenges, as the company has not yet completed its integration with Pi Network. In the latest news, Onramp Money stated that despite receiving inquiries from some users indicating they cannot see the Pi coins they purchased, the integration work is still ongoing and is expected to officially launch in August 2025. The company urged users to avoid further transactions until the process is completed and promised to resolve the stuck transaction issues once the system is online.

It is worth noting that TransFi has official certifications, including ISO 27001 and AICPA-SOC. This not only provides credibility for the growth of the Pi Network but also ensures its compliance and security. While Onramp Money is dedicated to addressing its own technical issues, the collaboration between Pi Network and TransFi allows users to purchase PI directly using fiat.

The goal of Pi Network: Achieving the democratization of cryptocurrency

The integration of Pi Network with TransFi helps address the issues users face with existing payment methods. Additionally, it offers greater flexibility to the Pioneer program by expanding the range of fiat access options. Through these integrations (Banxa and TransFi), the program now covers over 100 countries/regions, aligning with its goal of achieving cryptocurrency democratization.

Conclusion:

The Pi Network has added a third fiat purchase option, marking an important step in its payment ecosystem development. Although the Onramp Money platform faces ongoing issues, the addition of TransFi provides Pi Network users with a more convenient and compliant fiat purchase channel. This initiative is expected to further promote the popularity and application of Pi coin, achieving its goal of cryptocurrency democratization.