Pi Coin’s Real-World Use Surges: Businesses Accepting $37 Per Pi

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FXCryptonews 9 months ago 177

Pi Network’s native token, Pi Coin, continues to gain traction as more businesses accept it for payments. The adoption has expanded beyond the United States, reaching key markets across Asia. This shift signals growing confidence in Pi Coin despite regulatory challenges.

Businesses in China Embrace Pi Coin Transactions

China has witnessed one of the most notable surges in Pi Coin adoption. In Changsha City, Hunan Province, BYD Auto Service Co., Ltd. allows customers to purchase vehicles using full Pi payments. Reports indicate that around 40 Chinese pioneers acquired cars at a fixed Global Consensus Value (GCV) of $314,159 per Pi. Doris Yin, the Pi Network Global GCV Movement Founder, verified the transaction details with Mr. Li Shao from the Hunan Pi Network Merchants Association. She revealed that buyers covered all related fees with just 0.2 Pi. This adoption showcases the expanding real-world utility of Pi Coin in China.

Vietnam and South Korea Witness Increased Pi Adoption

Vietnamese businesses are also embracing Pi Coin. Queanh Gia Coffee now accepts Pi payments, making transactions more accessible to customers. A recent social media post highlighted how a breakfast set costs only 0.003 Pi. This affordability and convenience demonstrate the token’s increasing role in daily transactions. Vietnam’s adoption of Pi Coin suggests a strong community push for digital payments.

In Korea 🇰🇷Another plastic surgery clinic accepts Pi payment ☕Only 50% accept #Pi payment 🤳1 Pi is worth about $37 💵 If you have a coin map, are you willing to spend money on plastic surgery ❓ #PiNetwork pic.twitter.com/Jy2BxYkzIB

— NEWS.PI ($0.21) (@NEWS_Pii) January 8, 2025

In South Korea, businesses are integrating Pi Coin into their payment systems. A plastic surgery clinic recently began accepting Pi for 50% of its service costs. The clinic values Pi Coin at approximately $37 per token. Meanwhile, multiple retail stores and coffee shops have followed suit, allowing customers to use the coin for purchases. The expanding use of Pi in South Korea indicates its potential as a recognized medium of exchange.

Read Also: Pi Coin Surges 30% as Zito Realty and Cube Motor Embrace Crypto Payments!

Thailand Hosts Pi Coin Shopping Events

Thailand recently hosted a shopping event that featured Pi Coin as a payment method. The event highlighted the growing enthusiasm among users who advocate for a Global Consensus Value of $314,159 per Pi. The success of this initiative underscores Pi Network’s increasing presence in the digital payment space.

Pi Coin Gains Traction in the United States

Pi Coin’s real world adoption has also reached the United States. Reports from Florida confirm that businesses have started accepting Pi for transactions. This expansion marks a significant milestone, indicating the token’s growing acceptance beyond Asia. With increasing merchant adoption, Pi Coin could position itself as a viable peer-to-peer payment solution.

Regulatory Challenges Pose Risks to Pi Coin Adoption

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Despite its rapid growth, Pi Coin faces scrutiny from regulatory authorities. Chinese officials have issued warnings, calling Pi Network’s legitimacy into question. Some government agencies have labeled the project a scam. Similarly, Vietnam’s law enforcement authorities have cautioned citizens about potential risks. They argue that Pi lacks practical applications and has an arbitrary self-assigned value. Meanwhile, Thailand maintains strict regulations, banning digital asset payments since April 2022. This restriction raises concerns about the legality of Pi transactions in the country. In South Korea, cryptocurrencies do not qualify as legal payment methods, which could create further obstacles.

Read Also: Trump’s Crypto Reserve Plan Ignites Market Frenzy—Is Regulatory Recognition Next?

Despite regulatory uncertainty, Pi Coin continues to gain real-world traction. Businesses and individuals worldwide are pushing for its adoption, reinforcing its potential as a decentralized currency. With growing merchant confidence and increasing use cases, Pi Coin could emerge as a dominant force in the digital payment industry. However, long-term success will depend on overcoming legal barriers and achieving wider regulatory acceptance. The coming months will determine whether Pi Coin can sustain its momentum and establish itself as a mainstream cryptocurrency.

The post Pi Coin’s Real-World Use Surges: Businesses Accepting $37 Per Pi appeared first on FXcrypto News.



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