Pi Network, the pioneering cryptocurrency project, recently provided an update on the progress of its Know Your Customer (KYC) process, shedding light on the challenges faced and outlining the path forward for its users.
In a blog post dated December 6, Pi Network detailed the enhancements made to the KYC process, outlining the steps taken and the overarching priorities. This update marked a significant milestone for the project, representing the first major update since July 2022.
The Pi Network team has made significant strides in automating the KYC process, enabling the swift processing of millions of Pioneer applications. The primary objective remains to assist users in completing the KYC process efficiently.
The ongoing KYC development focuses on enhancing and expanding the process while streamlining it for users. Additionally, efforts are underway to address the backlog of pending applications, ensuring a smoother experience for all Pioneers.
“The KYC work is not only about scaling and allowing people to pass but also to ensure that overall KYC goals are achieved—to let real Pioneers in different countries and regions pass KYC as accurately and safely as possible while preventing as many fake accounts as possible,” the blog post emphasized.
Completion of the KYC process is a prerequisite for all Pioneers to access the Pi Mainnet. The Pi Network team has identified three key areas of focus for KYC development:
1. Improve the KYC app.
2. Enhance communication with users undergoing the KYC process.
3. Scale and expedite KYC processing for the growing number of Pi users.
Ecosystem expansion and KYC optimization are listed as major priorities for 2023. The Pi Network team acknowledges the patience and support of its global user base as it continues to work towards these goals.
As the cryptocurrency landscape evolves, Pi Network remains committed to fostering a secure and inclusive environment for its community members, ensuring a seamless transition to the Mainnet. Read Similar Story
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Amateur pioneer tried many times to complete KYC, almost given up.
Using Pi-Network camera a problem to get perfect shot detailing all info on national id.
Pi can use scanning app to retrieve our info as what most crypto exchange use.
Just a suggestion.