Pi Network launches Mainnet Wallet Activation for KYC-verified Pioneers and new non-users, expanding access to the Pi Blockchain Ecosystem. Banxa becomes the first third-party KYC provider.
Pi Network has implemented a significant change to its Mainnet Ecosystem, enabling KYC-verified Pioneers and new non-users to obtain a Pi Wallet without mining. This move is a crucial step towards making the Pi Blockchain Ecosystem more inclusive and accessible. Let's delve into the details of this change.
Mainnet Wallet Activation for KYC-verified Pioneers
Pi Network has granted KYC-verified Pioneers, including both fully and partially verified users, the opportunity for Mainnet Wallet Activation. This allows them to directly connect with the Pi Blockchain Ecosystem and activate their wallets.
Benefits of Mainnet Wallet Activation
Pi Network has streamlined the Mainnet wallet activation process. Pioneers can now separate wallet access from migration, increasing convenience and enabling them to create wallets without delay. This step enhances network inclusivity while maintaining KYC standards and security.
Opportunity for Non-users
Non-users can now also create Mainnet Wallets through third-party KYC services. This eliminates the need for lengthy mining or migration processes to join Pi Network. However, this third-party KYC is solely for wallet creation and does not affect Pi migration.
Banxa becomes the first third-party KYC provider
Pi Network has selected Banxa as its official third-party KYC provider. Banxa will now provide KYC services for Pi wallet creation. This step expands Pi's KYC capabilities and enhances network security. Note that this feature is currently in beta testing and limited to certain geographical regions.
Caution!
Pi Network warns users to only utilize third-party KYC services listed on the official KYC webpage. Using any other service may lead to fraud or scams.
