The post Pi Network News: Pi Coin May Lead the Next Generation of Digital Currency, Here’s Why appeared first on Coinpedia Fintech News
As the world is currently pushing towards digitalization with crypto, more regulations and measures to increase innovation are being introduced. However, several cryptocurrencies have faced significant challenges in fitting into the infrastructure with evolving regulatory compliance, accessibility, and risk management standards.
While most cryptos are facing obstacles with benchmarks to improve scalability, sustainability, and overall efficiency, Pi coin is reportedly already well-positioned. But is it actually meeting all requirements?
Pi Coin: Overall Efficiency
Dr Altcoin, a well-known analyst, indicated that as regulators are increasingly demanding accurate asset tracking, safeguarding, and operational controls, most cryptos are facing challenges to comply.
These growing crypto regulations, including the GENIUS Act, have become a hurdle for digital assets to follow. But the Pi coins are already poised to meet the upcoming legal requirements.
The analyst stated on X, “Pi Network is leading the next generation of digital currencies by already meeting / well-positioned to meet future requirements.”
According to him, Pi coins are addressing anti-money laundering (AML) requirements through its native KYC and KYB system. The coin is spread across more than 200 countries and regions by allowing virtual mobile mining that can be accessed from anywhere.
Pi is also eco-friendly with “high transaction speed and low gas fee supported by over 400,000 active nodes for maximum peer-to-peer potential,” he adds.
Is Pi Coin Listed on Binance?
Pi Network’s mainnet is not yet fully open and accessible, with ongoing technical glitches, mainly with its transparency issues. Due to this, Pi Coin is still not listed on Binance. Despite strong community support, with 86.8% in favor.
Over the past few months, Pi coins have faced extreme price volatility and struggled to stay away from touching the red zone. Currently, it is trading around $0.404922, a surge from the past price fall.
Future of Pi Coin
The Pi Network has outlined a multiphased roadmap to increase the adoption of the Pi token. It is making the coin a convenient everyday digital currency for exchanging goods and services via mobile devices.
However, as innovative as the initiative is, Pi remains absent from major exchanges like Coinbase and Crypto.com. Despite its surge of 1.36% in the last 24 hours, with a circulating supply of 7.82B, the future of Pi stands uncertain.