Pi Network Grants Mainnet Access to Users at Any KYC Stage

Users who have successfully completed any stage of KYC can now quickly access the Pi ecosystem. New users can enter the ecosystem quickly after passing streamlined KYC checks through services like Banxa. Pi Network has dropped a new update that unlocks Mainnet wallets for a wider user base. Now, any user can activate their Mainnet wallet, regardless of their Pi’s KYC stage. The users do not need to wait for full migration. This is said to be a significant step in the roadmap of Pi Network, permitting verified users to access Pi through apps, engage in peer-to-peer trading, and participate in other community-driven events. Before this update, users were asked to fully complete the migration process to access their Pi Mainnet wallet. The migration process included a lengthy step, including identity checks and technical verifications. Now, the update separates wallet activation from migration process, which means that users who have successfully completed their any stage of KYC can now quickly access the Pi ecosystem. However, this has caused no change in strict KYC standards, keeping the aim of the platform clear on security and user authenticity. Another part of this update includes third-party onboarding capability, allowing new users to own their Mainnet wallets through verified third-party platforms. Wallet Access Now Independent of Migration New users can enter the ecosystem quickly after passing streamlined KYC checks through services like Banxa, without having the need of mining or migration. This is done to reduce the entry barrier for users worldwide. After having more user access, developers and Pi-based app creators can have more traffic, including more transactions and more feedback loops to work on. Adding more to this, Pi Network is also piloting KYC delegation to trusted third parties, clearing the path swifter, onboarding more scalable users, and can achieve real-world adoption at scale. With the introduction of these updates, more barriers will be broken and the process of gaining access will be accelerated. Now, both old and new users can have access to Mainnet wallets, and with this, the network has positioned itself for exponential growth and wider utility over its blockchain apps. Highlighted Crypto News Today: Sam Altman’s World Expands to U.S. With Iris Scan “Orb” for World ID Source: https://thenewscrypto.com/pi-network-grants-mainnet-access-to-users-at-any-kyc-stage/