Pi Coin Has Taken a Notable Step Towards Mainstream Adoption, Joining Bitcoin (BTC) in the Crypto Payments Space.

Pi Coin has taken a notable step towards mainstream adoption, joining Bitcoin (BTC) in the crypto payments space.

Pi Coin, the cryptocurrency developed by the Pi Network, has taken another step towards mainstream adoption.

Pi Coin Gains Momentum, Trails Bitcoin in Real Estate Transactions

Zito Realty in Florida is now accepting PI Coin for real estate transactions, according to a recent post by Pi Network on X (Twitter).

The real estate firm, which is managed by American film producer and actor James J Zito, has become one of the first to integrate Pi Coin into the property market in the Sunshine State.

“American film producer and actor James J Zito is currently the director of Zito Realty, a real estate company in Florida, USA, which accepts real estate transactions with Pi coins.”

Zito Realty is also known to accept Bitcoin (BTC) for real estate transactions.

Earlier reports also revealed that Cube Motor, a car dealership in Florida, had started accepting Pi Coin as a payment method for purchasing vehicles.

“You Can Now Buy Cars with ? at Cube Motor,” a Pi network community member recently shared.

Announcing the development, Pi Network said Cube Motor had been added to the Map of Pi. The Map of Pi is a directory of businesses that accept Pi Coin.

Pi Coin has been making significant strides in expanding its footprint within the U.S. Notably, it is the second cryptocurrency, after Bitcoin, to be accepted by Zito Realty LLC for real estate transactions.

Moreover, Cube Motor has become the first establishment in Florida to accept Pi Coin for purchasing cars.

As reported earlier, Tesla had experimented with accepting cryptocurrency transactions for its vehicles but later discontinued them.

Now, Cube Motor is continuing this initiative, showcasing the increasing role of digital currencies in various industries.

This will also provide opportunities for the global Pi Network community to utilize their cryptocurrency holdings for purchasing tangible goods in the U.S.

Following these latest announcements, the price of Pi Coin surged by more than 20%. At press time, it was trading at $1.90.

However, despite its growing adoption, Pi Network has faced criticism from some quarters.

Recently, Bybit CEO Ben Zhou labeled Pi Network a “scam” and expressed skepticism over the cryptocurrency.

Pointing out that there was no listing fee for coins on Bybit, Zhou stated that he would not even list Bitcoin (BTC) for free. He added that they would list a coin only if it brings value to the exchange and its users.

The Bybit CEO went on to say that they had no plans to list Pi Network, even though it had a large community and supporters were applying pressure to get it listed.

“But there is one coin that I will never list, even if it has 85% of the vote and everyone wants it, and that is Pi coin. They claim that you can mine it by simply downloading an app on your mobile phone. But how can a coin be mined by an app on your mobile phone in 2023?”

He further claimed that criminals are using Pi to scam people and advised people to be aware of such scams.

Earlier this year, Binance faced backlash over its decision not to list Pi Coin despite 85% voter turnout in favor of the listing.

The exchange explained that it had no immediate plans to list Pi Network due to several factors, including regulatory clarity and the cryptocurrency’s stage of real-world adoption.