Pi Coin of Pi Network’s local tokene continues to be adopted more and more by traders. Pi Network is making moves towards Asia beyond the United States. Despite the uncertain regulatory frames, it points to an amazing move towards adopting the main current.
Pi Network strengthens its adoption with PI Coin payments!
Countries such as China, Vietnam, South Korea, Thailand, India and even the United States accept Pi Coin payments. In particular, individuals and businesses are moving with Pi Coin payments for various goods and services from coffee to car. One of the most remarkable examples of Pi’s adoption comes from China. Accordingly, the state of Hunan, Changsha byd Auto Service Co. Ltd. It allows car sales through the company’s full Pi Coin payments.
According to Doris Yin, Founder of the Global GCV Movement of Pi Network, about 40 Chinese pioneers purchased a vehicle via a fixed global agreement value (GCV) of $ 314,159 per pi. Yin, “I confirm this information with Mr. Li Shao of the Hunan Pi Network Trader Association. The price of 0.2 pi covers all relevant fees, ”he said. Yin also talked about the financial support of investors such as Gaoling Group and Sequoia Capital, emphasizing that confidence in the Pi Network ecosystem has increased.
Pi Coin has found real use in Vietnam, South Korea and the United States!
Similarly, small businesses in Vietnam began to integrate Pi Coin into daily transactions. Queanh Gia Coffee now emphasizes the increasing real world use of the token by allowing customers to pay with Pi. An X user has made transactions economically and practical by sharing that a breakfast set can only be purchased for 0.003 pI.
Somewhere else, in South Korea, Pi Network’s Pi Coin is also increasingly accepted. It has been reported, some businesses now allow partial payments using token. A plastic surgical clinic began to accept Pi for 50 %of its payments and valued Coin about $ 37 per pi. Various retail stores and cafes also participated in this train and allowed Pi owners to use their coins in daily transactions. In the same tone, Thailand recently hosted a shopping event where Pi Coin was used as a payment tool, and strengthened the pressure of the community to adopt Token.
Meanwhile, in the United States, Florida businesses began to accept Pi Coim for transactions. These developments point to an important milestone in Pi Network’s Pi Coin outside the United States and Asia.
Regulatory concerns: China, Vietnam, Thailand and South Korea
The adoption of Pi Network gains momentum and brings the discussions with it. Chinese authorities warned Pi Network, some stock exchange officials described him as a fraud project and expressed their concerns about his legitimacy. Vietnam police also issued legal warnings and warned citizens about the risks of using Pi Coin for payments. Authorities, “the number of pi is lacking practical applications and the value of the self, many people misunderstand the real value of his real value,” he said.
Meanwhile, Reuters reported Thailand’s strict attitude that has completely prohibited digital asset payments since April 2022. This makes Pi Coin transactions potentially illegal within the country. Meanwhile, South Korea does not formally recognize the crypto currency as a legal payment tool. This can create obstacles for businesses that adopt Pi transactions.
Despite these legal challenges, the adoption of Pi Network by trades around the world shows that confidence in its potential as a applicable digital currency has increased. Particularly in Asia and now in some parts of the United States, the pressure guided by the community emphasizes the demand for an alternative Peer-to-Peer (P2P) payment method. Meanwhile, PI Coin was traded for $ 1.72 during the article.
PI Coin daily price graph. Source: coinmarketcap
