BANXA, a major fiat-to-crypto payment provider, has cleared a key regulatory hurdle by receiving Know Your Business (KYB) approval — a move that could significantly accelerate the global rollout of the Pi Network.
This development means users in over 100 countries can now legally purchase Pi using fiat currencies through BANXA, directly within the Pi Wallet.
Importantly, this access comes ahead of Pi’s full mainnet launch, offering a regulated alternative to peer-to-peer transactions that were previously the norm.
For Pi Network, the shift signals a step closer to mainstream adoption. The new setup reduces friction for users, strengthens BANXA’s compliance credibility, and improves onboarding for institutional partners wary of regulatory risk.
The approval also hints at broader integration. Analysts suggest that platforms like HTX and BitMart may soon follow with their own KYB certifications, which could open the door to full Pi listings on major crypto exchanges — a move that would significantly boost the token’s visibility, trading volume, and legitimacy across global markets.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/pi-network-now-available-for-purchase-in-over-100-countries/