Crypto payment platform Banxa has recently achieved a large milestone. The company has received Know Your Industry (KYB) approval, which has now been authorized to sell Pi Coin at global level. After this approval, users of Pi Community can now buy Pi Coin through cash in more than 100 countries. This step will promote the global accessibility of Pi Community and further strengthening its grip in the Crypto sector.
What does Kyb commenth mean?
KYB (Know Your Industry) Approval means that the concerned crypto platform is allowed to transaction after business identity verification. With this approval to Banxa, legal and safe access has now been ensured in trading of Pi Coin. This will make transactions more transparent and safe.
According to recent reports, Banxa now integrates with Pi Community and allows new users to access Pi Mainnet Pockets after KYC directly. Earlier, where mining, KYC and migration were necessary, this process has now become easier. Banxa now became the first 3rd-party kyc supplier of Pi Community It is so that users can take advantage of services like PI Apps, Local Commerce and .PI Area.
Pi Community Security Policy and KYC requirements
Pi Community has always been working towards making secure and authentic crypto ecosystem. Under this, the network has made KYB and KYC procedure mandatory for all transactions. The purchase and sale of Pi Coin is possible only through the platforms that are approved. At the same time, individual users will also be required to get KYC verification done.
Other exchanges are also joining the network
Apart from Banxa, large exchanges like Mexc and Bitget have also received KYB commen. Soon Bitmart and HTX are also expected to complete this process. Not only this, Crypto veteran Okx is also actively striving to join the Kyb Community of Pi Community. The technical base of the network will be further strengthened by the technical partnership being carried out by OKX with Stellar Protocol.
Major Pockets Activation and Possible Exchange Listing
The Major Pockets Activation of Pi Community is already in the headlines, which has indicated that Pi Coin may soon be listed on big crypto exchanges and now 03071_minepi, brought POCKETS Activation Detail for Mainnet Is. Users now hope that trading in the open market of Pi Coin can also start soon.
Conclusion
The approval to sell Pi Coin at the global level and joining the trusted platforms like Banxa is a major strategic victory for Pi Community. This not only strengthens the credibility of the network, but also opens a new financial opportunity for users around the world. This decision can give a new change in the field of digital finance.
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