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The Pay Network is expanding to include fiat currencies - is Binance the next big step?
This opens the door to new demand from retailers, which could make the price of Pay coins look better in the long run.
This news seems positive for the market, which has risen by 5% in the last day. This may represent a change in the general mood after Pi2Day turned into a cryptocurrency sell-off event.
The Pay Network has added two new companies certified by the "Know Your Business" (KYB) program to its list, bringing the total to eight companies.
These services make it easier for anyone to enter the market by eliminating the need for cryptocurrency exchanges.
This integration gives the Pay Network much greater legal legitimacy as it meets international anti-money laundering and compliance standards.
This facilitates companies and applications in the real world to start using Pay without having to deal with infrastructure or regulatory issues.
The price of PI coins is still sensitive to short-term speculative trading, given the lack of good use to support long-term growth.
