Pi Network has just made a bold move in the crypto world, officially teaming up with BANXA under its Know Your Business (KYB) framework. This partnership is like adding rocket fuel to Pi’s global reach, allowing users in over 100 countries to buy Pi Network’s native token directly with cash. Goodbye, complicated crypto onramps and hello, simplicity.
Crypto analyst Dr. Altcoin was the first to break the news on May 2, calling it a “game-changer” for Pi Network’s mass adoption strategy. It’s clear: Pi is ready to expand big time.
BANXA is now KYB approved!
— Dr Altcoin (@Dr_Picoin) May 2, 2025
What does this mean for the Pi Community and beyond?
It means people in over 100 countries can now instantly buy Pi with cash through BANXA. This is a game-changer for accessibility and global adoption.
BitMart, HTX, and others are also expected to… pic.twitter.com/KRTCyXqlPc
Regulations? Pi’s Got It Covered
But wait, it’s not just about easy access. Pi is making sure everything is above board. Users making peer-to-peer transactions now need to pass Know Your Customer (KYC) checks and use non-custodial wallets. It’s all part of Pi’s multi-layered verification system designed to meet changing regulations, beef up security, and keep fraudsters at bay.
Just in case you were curious, additional KYB approvals are on the way. Exchanges BitMart and HTX are allegedly waiting on their approvals, so this growth is even bigger. Dr. Altcoin has already suggested that these updates will be big talking points at Consensus 2025. Pi's regulatory-first approach may very well be what distinguishes it in a competitive crypto space filled with competition.
Flat Price Action: Bulls, Where Are You At?
Despite the massive news, Pi's price has not precisely gone ballistic. The PI/USDT chart is inching along just north of the $0.58 support line, but momentum is a bit dull. The price has fallen below several of its key moving averages (10, 20, even 50-day averages), showing that sellers are still firmly in charge.
The relative strength index (RSI) is around 40, which is keeping the bulls on holiday—there just isn't enough pressure to get the price moving. The moving average convergence divergence (MACD) is weak too, with no bullish crossover in sight, although it's barely positive.
What's the Next Move for Pi?
The volume is low, and the average directional index is under 10, which indicates that the trend is roughly as feeble as too-long-standing coffee. The market is in something of a holding pattern, biding its time until something huge happens. If Pi can resist that $0.58 level of support and its compliance efforts keep gathering strength, a relief bounce is a possibility. But to see a genuine breakout, Pi is going to have to come back up over $0.60–$0.62 with real volume to it.
Otherwise, traders are probably going to remain gun-shy, waiting to see what Pi does next—because, let's face it, crypto's a game of patience and timing.
Richard Adrian
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