Pi Coin Gains Traction in South Korea and the US, Targeting Everyday Transactions

Pi Coin is increasingly shedding its identity as a speculative asset and is evolving into a currency used for everyday transactions.

A rapidly gaining cryptocurrency, Pi Coin is now being accepted for real-world transactions, with several skincare retailers in South Korea and a prominent real estate firm in the United States beginning to accept the token.

The use of Pi Coin is expanding rapidly, as several skincare shops in South Korea have started accepting the token for payments. This development marks Pi Coin’s entry into mainstream commerce, highlighting its increasing acceptance as a legitimate payment method.

In Florida, Zito Realty, a well-known real estate company, is also accepting Pi Coin as a form of payment for its services. Florida’s reputation as a crypto-friendly region is evident in its recent move to create a state-level Bitcoin reserve.

Further aiding Pi Coin’s integration into everyday transactions is fintech platform Banxa, which recently enabled Pi Coin purchases using cards and digital wallets. This move by Banxa simplifies access to the token for a broader range of users.

In a recent development, Banxa acquired 30.5 million Pi Coins, valued at approximately $19 million. This acquisition underscores the growing interest in Pi Coin and its potential as a functional currency.

By facilitating buying and selling directly, Banxa is contributing to the transformation of Pi Coin from a speculative digital asset into a usable currency with real market value. These strategic efforts by fintech platforms are helping bridge the gap between digital currency and everyday commerce.

Pi Coin initially generated extreme excitement, experiencing a massive 2,524% growth within its first week. However, since February 27, the token’s price has faced a significant decline, dropping by over 76.65%.

Despite this decrease, Pi Coin’s current price of $0.6575 is still approximately 552% higher than its price on February 20, the day it hit the market. This disparity highlights the token’s potential for rapid gains and recovery.

Over the past seven days, Pi Coin has experienced a price surge of 42%, and in the last 24 hours, it grew by more than 10%. These positive price movements suggest that there is continued investor interest in Pi Coin, despite its recent volatility.

The Relative Strength Index (RSI) of Pi Coin currently stands at 42.84, indicating that there is still room for growth in the token’s price. Technical analysts suggest that if Pi breaks above a key Fibonacci retracement level of $0.73, it could trigger a bullish rally, leading to further price appreciation.

As Pi Network continues to gain real-world adoption, its status is evolving from a grassroots crypto project to a more mainstream digital asset.

With increasing acceptance by businesses, especially in key markets like South Korea and the U.S., along with growing integrations with fintech platforms like Banxa, Pi Coin is transitioning into a token with tangible utility and long-term value.

This shift could make Pi Coin an appealing option not just for speculative traders but also for users and investors seeking a cryptocurrency with real-world applications.

While the price volatility remains, the trend toward adoption and fintech integration suggests that Pi Coin’s journey is far from over, and its future could hold significant potential for both users and investors alike.