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Pi Network Mainnet Wallets Now Available Without Full Migration
In a significant update, Pi Network has announced that their mainnet wallets are now available for users without the need to complete the full migration process. This move is expected to have a profound impact on the ecosystem’s growth and user engagement.
For some time now, accessing the Pi Mainnet wallet required the completion of the migration process, which included identity checks and technical verifications. However, this new update decouples wallet activation from migration, allowing users who have passed any stage of KYC verification to immediately engage with the Pi ecosystem.
One of the most exciting aspects of this development is that it enables third-party onboarding capability for new users. This means that individuals can now get their own Mainnet wallets via verified third-party platforms like Banxa, which has been KYB-verified. This simplified and streamlined process significantly lowers the entry barrier for global users.
The Pi Network team has emphasized the importance of security and user authenticity in this update, stating that strict KYC standards remain in place to maintain the platform’s focus on trustworthiness.
With these changes, the Pi ecosystem is poised to experience significant growth. The increased accessibility and simplified onboarding process are expected to lead to an influx of new users, further enriching the network with a more diverse pool of participants.
This development has far-reaching implications for the cryptocurrency market as a whole. It will be interesting to see how this decision impacts the larger ecosystem.
Source: https://coinpedia.org/news/pi-network-mainnet-wallets-now-available-without-full-migration/
