Pi Network Adds New KYB Partner: Zypto

Pi Network has once again expanded its list of verified business partners (KYB) by adding Zypto, a crypto wallet and payments app.

With this integration, Pi Coin (PI) users can now perform cross-chain exchanges via DeFi services and use PI to top up Zypto VISA cards, purchase non-refillable cards, and pay bills.

According to information we quoted from Beincrypto media, this move follows the previous additions of Onramper and Onramp.money, signaling the growth of the verified financial ecosystem on the Pi network.

Pi Coin Price Sees Modest Increase

After experiencing a 22% decline in the past month, Pi Coin price has shown a recovery with a 2.3% increase in the past 24 hours, trading at US$0.50.

This increase is part of the overall positive trend in the crypto market, driven by favorable macroeconomic conditions, not solely due to the Zypto integration.

Potential Selling Pressure from Upcoming Token Unlock

Despite signs of price recovery, the Pi Network community is facing concerns regarding the upcoming major token unlock.

This opening has the potential to create selling pressure in the market, which could affect the stability of PI’s price.

In addition, the debate over the global consensus value (GCV) of US$314,159 has sparked division within the community, with some members questioning the realism of the figure.

Community Divided Over Global Consensus Value

Discussion over the US$314,159 GCV for Pi Coin has sparked debate within the community.

Some members support the value as a long-term target, while others consider it unrealistic and potentially misleading.

These differing views reflect the challenges in reaching a common consensus on Pi Coin’s future direction and value.