Pi Network News: Founder Hints at Support for More Cryptocurrencies

The post Pi Network News: Founder Hints at Support for More Cryptocurrencies appeared first on Coinpedia Fintech News

Recently, the Founder of Pi Network , Nicolas Kokkalis, allegedly announced that Pi Wallet may introduce more cryptocurrencies in the future. This move marks a significant development in the network’s digital currencies.

Moreover, the network has made several developments, including making of the Pi Coin purchase with fiat currency easier with online methods.

Is Pi Launching More Cryptocurrencies?

In a recent post on X , Pi Network reveals that it may support more cryptocurrencies in the near future, just like the Coinbase wallet. This indicates that the network is expanding its digital asset treasury to extend its trading services. The network stated, “Nicolas explained that Pi Wallet may support more cryptocurrencies in the future, just like Coinbase Wallet and many other wallets.”

It was also reported that the Pi testnet is conducting test transactions with various digital assets, suggesting a potential future integration with larger crypto exchanges. This move reflects that Pi Network is diversifying its reach and planning for broader development with major digital assets. However, Kokkalis is yet to make an official statement on which cryptocurrencies will be listed on Pi Network.

Exciting Recent Developments in Pi Network

Pi Wallet has updated its services, allowing users to buy Pi coins using various payment methods like — debit cards, credit cards, Google Pay, and  Apple Pay. It has also made the navigation easier, simplifying the systems by adding buttons to access crypto exchanges and “Mine Pi For Free.”

To increase the adoption, Pi Network has introduced new features this week, including a reduction in friction for new users. They can now easily access tokens within the app environment without getting tangled in a complex procedure.

Is Pi Overcoming the Allegations of Being A Scam?

Time and time again, Pi Network has been called a scam by various industry players and major crypto exchanges. The Pi coins were delisted from crypto exchanges, as the officials feared potential risks of privacy breaches. However, with recent developments, the network is overcoming the allegations og being a scam.

Additionally, the Pi App Studio supports thousands of dApps while new tools like Directory Staking boost visibility for on-chain applications. It has also improved its technical infrastructure for both users and developers. While there is still some recovery for Pi to make, it is actively working to enhance the network services.