In a significant move to bolster its ecosystem, Pi Network unveiled its second ecosystem initiative on Pi Day last year (2023): the Local Business Ambassador program. This initiative aims to integrate local businesses into the Pi ecosystem, empowering Pioneers to help expand the network.
The Local Business Ambassador program invites stores, shops, and small businesses to accept Pi payments for their products and services. Pi Network has already seen a growing number of merchants embrace Pi payments, recognizing its potential to strengthen the foundation for Decentralized Finance (DeFi) systems.
“Local businesses are an important component to the Pi ecosystem and will make great contributions to building substance and utilities for the network,” Pi Network announced. “Local businesses are also where the grassroots power of the Pi community can be unleashed to have great potential and impact—something rarely seen in other networks.”
The Pioneers initiative, part of Pi Network’s broader strategy, encourages users to actively support the growth of Pi by incorporating it into local businesses. This initiative aims to increase network awareness and drive adoption, though it also faces challenges such as location-specific issues and ensuring accountability.
To address these challenges, Pi Network has opened a community proposal system, inviting Pioneers to submit their ideas on how to encourage local businesses to accept Pi payments. “If you are knowledgeable about local businesses or enthusiastic about this direction of ecosystem building, submit your ideas via the Pi support portal. Stay tuned for more updates on this program,” Pi Network wrote.
What is Pi Network?
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining their battery. The blockchain secures economic transactions via a mobile meritocracy system and offers a full Web 3.0 experience, enabling community developers to build decentralized applications (Dapps) for millions of users.
As Pi Network continues to innovate and expand its ecosystem, initiatives like the Local Business Ambassador program demonstrate its commitment to integrating cryptocurrency into everyday transactions, fostering a robust and engaged community. Read More
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