Pi Network Authorizes OKX Web3 Wallet for Pi Coin Storage
In a significant move towards expanding the usability of Pi Coin, Pi Network has officially authorized the OKX Web3 Wallet to store Pi Coin. This integration allows Pi Coin to be traded outside of decentralized exchanges (DEXs) and transferred between wallets without requiring a Pi Network account. The update marks a major step forward in increasing the accessibility and adoption of Pi Coin within the global crypto ecosystem.
Expanding Pi Coin Adoption Among Companies and Exchanges
With this authorization, Pi Network is opening new opportunities for businesses and cryptocurrency exchanges worldwide. The ability to store and transfer Pi Coin within the OKX Non-Custodial Wallet simplifies transactions, making it easier for users to engage with Pi Coin beyond the confines of the Pi Network ecosystem. This move is expected to attract more companies to explore Pi Coin’s potential and integrate it into their platforms.
Verified Bridges and Web3 Wallets Added to Official KYB Update
As part of its broader strategy, Pi Network has recently updated its Know Your Business (KYB) framework. The updated KYB now includes verified bridges and Web3 wallet sections alongside the verified exchanges. This enhancement paves the way for more Web3 integrations and provides a secure infrastructure for businesses and traders to use Pi Coin confidently across multiple platforms.
The Future of Pi Coin: Bridging to Other Blockchains
The latest developments indicate Pi Network’s commitment to expanding Pi Coin’s reach to various blockchain ecosystems. By enabling Pi Coin trading on DEXs and allowing cross-chain transactions, Pi holders and traders will soon have the ability to convert Pi Coin into assets on other major blockchains, such as Binance Smart Chain (BNB), Ethereum (ETH), and more. This expansion is expected to drive liquidity, increase market accessibility, and further establish Pi Coin as a key player in the decentralized finance (DeFi) space.
Also, read: What is Pi Coin? Pi Network vs. Others – A Beginner’s Guide
