Recently, official announcements regarding the Pi Network have been attracting attention. As banks worldwide are progressing towards a new financial system targeting November 2025, the Pi Network may gain prominence. This news has generated significant anticipation among many users who believe in the future potential of the Pi Network.
What is the Pi Network?
The Pi Network is designed as a utility-focused cryptocurrency, with its value dependent on market demand and real-world use cases. This takes a different approach from models where value is determined solely by supply scarcity, like Bitcoin. The Pi Network enables mining on mobile devices and adopts an energy-efficient consensus algorithm, making it accessible to general users. As of February 2025, Pi Coin was listed on major exchanges such as OKX and Bitget, recording a price exceeding $2 on the first day, but has since shown significant fluctuations (approximately $0.70 as of February 21). This market trend indicates that Pi’s value is influenced not just by supply, but also by community activity and utility.
Transition to QFS and ISO 20022
One of the key points to note in this announcement is the formation of a new financial ecosystem utilizing blockchain technology, as the SWIFT network progresses with its upgrade to the ISO 20022 standard. Within this trend, the Pi Network is also gaining attention. The Pi Network officially launched its “Open Network” on February 20, 2025, enhancing connectivity with external systems. This is expected to facilitate future collaboration with the ISO 20022 standard and Central Bank Digital Currencies (CBDCs).
For example, SWIFT plans to fully transition to ISO 20022 by November 2025, and the possibility of projects like Pi being integrated into the financial ecosystem is being discussed. ISO 20022 is a standard that allows for rich data in payment messages. SWIFT began its transition in March 2023 and is expected to complete it by November 2025. Cryptocurrencies compatible with this standard (e.g., XRP and Stellar) are said to have improved compatibility with the traditional financial system, increasing their potential for adoption. Although the Pi Network does not officially claim ISO 20022 compliance, the enhancement of external connectivity through the Open Network is interpreted as a move aimed at collaboration with financial institutions adopting this standard.
Dispelling Misconceptions: The Value of the Pi Network
Some concerns have been raised that “price increases are difficult due to the large supply,” but official information from the Pi Network explains that the coin’s value is determined based on market demand and utility, indicating aspects that cannot be evaluated solely by supply volume. The total supply of the Pi Network is not explicitly disclosed, but it is estimated that tens of millions of users hold coins through community-driven mining. For example, immediately after listing in February 2025, Pi’s market cap temporarily reached $4.2 billion, but the price plummeted, highlighting market instability. Nevertheless, Pi’s white paper outlines a strategy to increase value by expanding real-world utility (payments, in-app transactions, etc.), and long-term growth is expected. According to official announcements, the Pi Network is positioned as a digital asset that promotes real-world use, and there is a possibility that it aims for future collaboration with central banks and financial institutions. The Pi Core Team stated at the launch of the Open Network in February 2025 that it would “securely connect Pi with external systems, expanding new opportunities for businesses and individuals.” This suggests the possibility that Pi could serve as a basis for payments and transactions, rather than just a speculative asset. On the other hand, a direct comparison with Central Bank Digital Currencies (CBDCs) has not yet been officially established and is still in the discussion phase among the community and analysts.
Why is the Pi Network Attracting Attention?
The Pi Network is not just a cryptocurrency; it is designed as a foundation to support a new digital economy. Its utility and ease of use have garnered support from many users and businesses. Furthermore, the potential for collaboration with central banks and use in the public sector are factors that enhance its credibility. Since the launch of the Open Network in February 2025, Pi has enabled connectivity with external systems, and it is expected that opportunities for Pi-based applications and payment systems to be utilized in the real world will increase. This serves as a point of differentiation from other cryptocurrencies and increases its level of attention.
Summary
November 2025 could be a turning point where the Pi Network gains further attention as part of the financial system. As SWIFT’s ISO 20022 migration is completed and CBDC development progresses in various countries, the key will be how much utility the Pi Network can demonstrate. For example, 134 countries are researching CBDCs (as of October 2024), and if Pi can collaborate with these, it has the potential to establish a position in the global digital economy.
We recommend that readers regularly check Pi’s official announcements and market trends to assess its progress.