Pi Core Team Testing Connections to Major Exchanges

The Pi Core Team is currently testing connections to major exchanges, such as Binance, in preparation for the V2 update in December. This is a significant development for the Pi Network, as it would allow Pi users to trade their Pi coins for other cryptocurrencies and fiat currencies.

The V2 update is expected to bring a number of new features to the Pi Network, including:

1. Mass KYC: This will allow all Pi users to verify their identity, which is necessary for trading Pi coins on exchanges.

1. Fiat currency support: The Pi wallet will be able to store and exchange fiat currencies, such as USD and EUR.

1. New Pi apps: The Pi app store will be expanded to include new and innovative Pi apps.

1. Improved security: The Pi Network will implement new security features to protect users’ Pi coins.

Hot news. Pi Coreteam is testing connecting Pi to major exchanges like Binance. It seems like Pi Network is preparing something big in the V2 update in December. I will continue to analyze.#PiNetwork #PiCoin pic.twitter.com/WsAt7E8XTI

— Pi News (@PiNews_6) November 3, 2023

The Pi Network is a mobile-based cryptocurrency that has over 33 million users worldwide. It is currently in the enclosed mainnet phase, which means that Pi coins can be mined and transferred between Pi users, but they cannot yet be traded on exchanges.

The Pi Core Team has not yet announced a specific date for the V2 update, but they have said that it is expected to be released in December. The testing of connections to major exchanges is a sign that the team is making progress towards this goal.

Once the V2 update is released, Pi users will be able to trade their Pi coins on exchanges for other cryptocurrencies and fiat currencies. This will allow Pi users to realize the value of their Pi coins and participate in the global cryptocurrency market.

The Pi Network is still in its early stages of development, but it has the potential to revolutionize the way people use cryptocurrency. The V2 update is a major milestone for the Pi Network, and it will be exciting to see what the future holds for this project. 2Read Similar Story