Pi Network has integrated TransFi as a fiat on-ramp, allowing users to purchase $PI directly with traditional currencies. Announced on July 31, the move simplifies access to the token by removing the need for multi-step conversions.
Pi Network Expands Fiat Access with TransFi Integration and KYB Approval
The integration supports over 40 currencies and 250 payment methods across 70+ countries. Users can now buy $PI using bank transfers, credit cards, and regional e-wallets. This update particularly benefits emerging markets where access to crypto through conventional methods is limited.
Before launching, the Pi Core Team completed Know Your Business (KYB) verification for TransFi. The payment platform also holds ISO 27001 certification and AICPA SOC accreditation, ensuring compliance and strong data security measures.
Pi Network’s decision aligns with its mission to improve crypto accessibility. With 7.75 billion $PI tokens in circulation, the integration reduces friction for users entering the ecosystem. By supporting local payment systems, Pi makes onboarding more intuitive for both new and existing users.
As of July 31, $PI traded at $0.41, with a 24-hour trading volume of $91.53 million. Its fully diluted valuation (FDV) stood at $41.81 billion, ranking it among the top 40 cryptocurrencies by market capitalization.
This update strengthens Pi Network’s payment infrastructure, improving token accessibility and paving the way for broader adoption in real-world use cases.
Pi Network Struggles Below Key Resistance as Selling Pressure Persists
Pi Network traded at $0.4188 on July 31, extending its bearish trend from yesterday’s decline. The token moved between $0.4194 and $0.4182 today after dropping from $0.4300 the previous day.
It remains below the 50-period Exponential Moving Average (EMA) at $0.4374, reinforcing the downtrend established since late June. The Relative Strength Index (RSI) stands at 36.02, close to oversold territory, following yesterday’s reading of 33.77. This signals weak buying strength despite a slight recovery attempt.
Trading volume stayed muted at 1.32 million PI, reflecting low participation after heightened selling activity yesterday. Price action continues to face resistance near $0.4374 while holding support around $0.3900, highlighting market caution. Until Pi breaks above the EMA and the descending trendline, selling pressure is expected to persist, with oversold signals offering only limited chances of a temporary rebound.
