“Pi Coin Goes Global: BANXA Partnership Unlocks Legal Purchases in 100+ Countries”

In a major boost to Pi Network’s global adoption efforts, digital payments infrastructure provider BANXA has officially secured Know Your Business (KYB) approval for its partnership with the Pi Network, effectively unlocking Pi coin purchases in over 100 countries. This milestone is being hailed by the Pi community and cryptocurrency enthusiasts as a critical step toward mainstream adoption and regulatory compliance for the innovative mobile-first crypto project.

What Is BANXA?

BANXA is a leading global on-and-off-ramp solution provider for cryptocurrencies. The platform offers users the ability to buy and sell cryptocurrencies using local payment methods, including credit cards, bank transfers, Apple Pay, Google Pay, and even regional-specific options like SEPA in Europe and PayID in Australia.

Established in 2014, BANXA has grown into a major fintech player trusted by some of the biggest names in crypto, including Binance, OKX, and KuCoin. Its primary role is to provide compliant fiat-to-crypto infrastructure that enables crypto companies to remain aligned with the ever-evolving regulatory landscape while maintaining a frictionless user experience.

What Is KYB and Why Does It Matter?

KYB, or Know Your Business, is a compliance process used by financial institutions and fintech platforms to verify the legitimacy of businesses they interact with. Similar to the more commonly known KYC (Know Your Customer), KYB is focused on entities rather than individuals.

The KYB process typically includes verification of company registration documents, identification of ultimate beneficial owners (UBOs), and confirmation that the business is not involved in illegal activities such as money laundering or fraud.

BANXA obtaining KYB approval in relation to the Pi Network partnership means that the business relationship has been officially vetted, approved, and is now legally permitted to operate in a large number of jurisdictions. This approval signifies that Pi coin purchases can be facilitated by BANXA in compliance with local regulations, unlocking access to over 100 countries.

Pi Network’s Global Vision

Launched in 2019 by a team of Stanford PhDs, Pi Network aims to bring cryptocurrency to the masses by making mining accessible via smartphones. Unlike Bitcoin or Ethereum, Pi uses a consensus algorithm known as Stellar Consensus Protocol (SCP), which is energy-efficient and does not require intensive hardware or electricity.

The Pi app enables users—called “Pioneers”—to mine Pi tokens simply by logging in daily and clicking a button. With over 47 million engaged users (as of early 2025), Pi Network is one of the most actively discussed blockchain projects in the world, despite the coin not yet being listed on public exchanges. The project is still in its “Enclosed Mainnet” phase, during which Pi tokens are not freely tradable outside the ecosystem, pending full regulatory alignment and technical scaling.

BANXA x Pi Network: Bridging Web2 and Web3

The partnership between BANXA and Pi Network is particularly noteworthy because it brings together two core components necessary for crypto adoption: regulatory compliance and user-friendly technology.

Through BANXA, Pi Network users who have completed their KYC verification and migrated to the Mainnet will be able to purchase Pi tokens using traditional fiat currencies. This is a monumental leap for users in regions where crypto exchanges are either inaccessible or overly complex. It means users in countries across Africa, Asia, Latin America, and Eastern Europe will have a simple, compliant way to participate in the Pi economy.

Pi Network, which often touts its mission of financial inclusion, sees this development as pivotal. By integrating BANXA’s payment rails, the project can offer an easy fiat-to-Pi onboarding process that doesn’t require technical know-how or navigating centralized exchanges. This also strengthens the legitimacy of Pi Network in the eyes of governments and regulatory bodies.

Countries Included in the Approval

While the full list of over 100 countries hasn’t been officially released by BANXA or Pi Network, early indications suggest that the majority of the European Union, North America, Southeast Asia, Australia, and parts of Africa and Latin America are covered. Importantly, these include:

• United States

• United Kingdom

• Canada

• Germany

• France

• Nigeria

• India

• Philippines

• Indonesia

• Brazil

• South Africa

• Kenya

• Australia

• Malaysia

• Mexico

In countries where crypto regulations remain ambiguous or restrictive—such as China or certain parts of the Middle East—BANXA’s services may still be limited. However, the overwhelming majority of Pi’s existing user base is expected to benefit from the newly enabled purchase pathways.

The Road to Open Mainnet

BANXA’s KYB approval and the Pi coin purchase enablement are timely steps toward what the Pi community has long awaited: Open Mainnet. The Open Mainnet phase, as outlined in the project’s whitepaper, will allow Pi to become fully tradable on external crypto exchanges, marking its official debut into the broader crypto market.

The team behind Pi Network has insisted that Open Mainnet will only be launched once several preconditions are met, including:

• Sufficient KYC completion across the network

• Ecosystem development through Pi apps and use cases

• Regulatory compliance in key jurisdictions

• Infrastructure readiness, such as wallet scalability and bridge mechanisms

The BANXA integration directly supports the second and third items on this list. It provides not only a secure payment gateway but also evidence of institutional compliance that can be presented to regulators and potential exchange partners.

Community Reaction and Next Steps

The Pi community has responded with overwhelming enthusiasm to the BANXA announcement. On social platforms like X (formerly Twitter), Reddit, and Pi Network’s internal chats, Pioneers have shared excitement about finally being able to purchase Pi legally and easily in their countries.

Many users have also pointed out that this development could finally silence critics who have labeled Pi as “vaporware” or a “glorified app.” By partnering with a recognized fintech provider like BANXA, Pi Network has demonstrated that it is building serious infrastructure behind the scenes.

Next steps for users include:

1. Completing Pi KYC if not already done.

2. Migrating their mined Pi to the Mainnet wallet.

3. Accessing the BANXA purchase interface through the Pi browser or affiliated Pi apps.

4. Using local fiat to purchase Pi once it is made available per region.

It is expected that further announcements from the Pi Core Team and BANXA will follow in the coming weeks to provide detailed rollout plans, country-specific availability, and user support.

Final Thoughts

BANXA’s KYB approval and the subsequent ability to purchase Pi in over 100 countries mark a defining moment in Pi Network’s journey toward legitimacy and mainstream adoption. The integration bridges the fiat and crypto worlds, aligns with global compliance standards, and supports millions of users eager to use Pi in real-world scenarios.

While Pi still has hurdles to clear before becoming a fully open and tradeable cryptocurrency, this latest development is a powerful affirmation of its long-term viability. It shows that behind the scenes, the Pi Core Team is not just focused on user acquisition, but also on building the technical and regulatory foundations needed for a sustainable Web3 ecosystem.

With increased access, compliant infrastructure, and community momentum, Pi Network may finally be positioning itself as a serious contender in the next wave of crypto adoption.