Moves Towards Practical Application of Crypto Assets

Moves towards the practical application of digital currencies are steadily progressing. As one example, the innovative payment card “Spend” was announced through a partnership between Mastercard and Mercuryo. This card enables direct payments from self-custodial wallets, marking a significant step towards the practical utilization of digital assets.

Features of the Spend Card

• Functions as a Euro-denominated debit card
• Compatible with Apple Pay and Google Pay
• Supports multiple blockchain networks
• Clear fee structure (Issuance fee 1.60 EUR, Monthly fee 1 EUR, Withdrawal fee 0.95%)
• Service currently limited to the European region

The Future Pi Network Aims For

Pi Network, which has been under development since 2019, aims to build a comprehensive digital economic system integrating decentralized finance (DeFi) and decentralized social networks. This project is working towards creating a more transparent and efficient economic foundation that transcends the limitations of traditional financial systems.

Key Features of Pi Network

• Building a large-scale blockchain network
• High security and transaction transparency
• Efficient transaction processing system
• Development of a comprehensive Web3 ecosystem
• Compatibility with global economic activities

Preparation for Mainnet Deployment

Pi Network is scheduled for mainnet deployment within 2024. This launch will proceed with careful consideration of the network’s completeness and social factors. Following the mainnet migration, utilization in actual economic activities is anticipated.

Key Development Areas

• Ensuring network stability and reliability
• Strengthening security features
• Improving usability
• Expanding the ecosystem
• Supporting community growth

Role and Outlook of Pioneers

Pi Network’s Pioneers will be crucial contributors to this innovative project. They are expected to participate in the construction of a new economic system and contribute to its development.

Opportunities for Pioneers

• Project participation from the early stages
• Early access to new technology
• Contribution to ecosystem development
• Participation in community formation and growth
• Participation in building the next-generation economic system

Conclusion

As a new era of digital currency is about to begin, Pi Network is aiming to build a more practical and sustainable economic system with an approach different from traditional crypto assets. As Pioneers participating, you have a special opportunity to be a vital part of this innovative project and build the future of the digital economy together.We hope that one day Pi Network will also be able to use this card payment.

With the evolution of technology, our economic activities and methods of value exchange are also poised for significant change. With the development of Pi Network, it is time to take a new step towards realizing a more equitable and efficient economic system. To witness this moment of historical transformation and be a part of it is a great privilege for us Pioneers, and at the same time, a responsibility.