Banxa Payment Platform Has Obtained Pi Network's Know Your Business (KYB) Approval to List and Sell Pi Coin

Banxa payment platform has obtained Pi Network's Know Your Business (KYB) approval to list and sell Pi Coin across the world.

Banxa, a leading cryptocurrency payment platform, has reportedly received Pi Network’s Know Your Business (KYB) approval.

According to reports on Thursday, August 24, Banxa’s integration with Pi Network will allow users in more than 100 countries to easily buy Pi coin via cash.

Banxa joins the ranks of other top exchanges that have already obtained KYB approval from Pi Network. Earlier in August, MEXC and Bitget received the approval to list and sell Pi coin.

Meanwhile, other exchanges such as BitMart and Huobi Technology completed the KYB process and received approval to list the Pi token.

Earlier this month, Pi Network partnered with Stellar and OKX to drive the adoption of Pi coin in the cryptocurrency market.

Banxa’s Role In Expanding Pi Network’s Reach

Dr. Altcoin, a crypto commentator on X, explains that the approval enables users in multiple countries to make fast and secure Pi coin purchases.

He adds that the new development provides easier access to Pi Network and enhances its credibility in the cryptocurrency market.

Pi Network’s approach centers around financial inclusion, interoperability, identity verification, currency programmability, and decentralized financial systems. These elements increase Pi Network’s appeal across CEXs and payment platforms.

Banxa’s completion of the strict KYB approval process showcases its confidence in the long-term potential of Pi Network.

Pi Network implements strict KYC and KYB procedures to ensure transparency and efficiency for its customers. These security measures increase the credibility of Pi Network in the global cryptocurrency market.

Pi Coin Eyes Binance Entry With Mainnet Launch

The activation of Pi Network’s mainnet wallet has sparked speculation that Binance could list Pi coin soon.

A possible listing on Binance could increase the liquidity and enhance the market visibility of the Pi Network’s token. This would speed up its market penetration and global adoption in the cryptocurrency market.

Pi Network enforces strict KYC and KYB processes to ensure a safe and trustworthy platform for institutional investors. The network’s strict verification processes have increased its appeal among institutional investors.