Pi Coin Now Available in Over 100 Countries via BANXA KYB

Pi Coin Gets Global Access as BANXA Passes KYB Verification

The Pi Network has announced a massive step towards global expansion. BANXA, a renowned crypto trading platform, is approved as KYB which acronyms to Know Your Business. BANXA is now allowed to sell Pi Coin legally in more than 100 nations. 

Easier Access to Pi Coin

Now that the BANXA platform is approved, users can purchase this Coin directly with cash. There is no requirement of peer-to-peer (P2P) processes, which can be complex and even risky for crypto beginners. This step makes the network more user-friendly for newbies, which will allow entry for millions of users who are starting with their crypto journey.

It also benefits individuals in nations where the utilization of crypto exchanges is challenging or prohibited. Above 100 nations are involved, it is a huge achievement for global expansion. 

What Does KYB Approval Mean?

KYB is like a business version of KYC (Know Your Customer). While individuals need to pass KYC checks to prove their identity, businesses must pass KYB checks to prove they are legal, trusted, and follow financial rules. Since BANXA has passed KYB, it can now be trusted to sell this currency in a secure and legal way.

This is very important because the Network has always focused on building a safe and trusted ecosystem. This approach of enabling those companies, which are KYB-approved to trade the currency will safeguard user security and minimises the risk of fraud. 

Pi’s Trust-First Approach

From the beginning, the Network team has been concentrating on security and trust. All the users are required to verify their identity through (KYC) to use the coin. Only businesses which are (KYB) can provide cryptocurrency related services. This method protects users and also gives confidence to larger financial institutions.

In a cryptocurrency world still filled with scams, its strict rules help it stand out. Many supporters of this particular token believe this is what will make it successful in the long run. It’s not just about fast growth, it’s about safe and steady progress.

After this news the price of the Coin does not have any positive impact. It has decreased by 3.02% and the price is reducing since last week marking a decrease of 4.78%. Currently the coin is trading at $0.5889 as per the reports of CoinMarketCap.  

Other Platforms May Join Soon

BANXA is just the beginning. Other major platforms like BitMart and HTX are also in line for KYB approval. They might get approved in the next 10 days. If that happens, more people will be able to buy, sell, and trade this currency easily on these popular exchanges. This would also bring more attention to Pi Network, possibly speeding up its entry into the mainstream crypto world.

Final Thoughts

The Pi Network is expanding rapidly with BANXA now permitted to sell Pi Coin in 100 nations. It becomes safer and simpler for users to purchase this crypto. With increasing reputable platforms becoming available shortly, the Coin is closer to making a name in the world of digital assets.