Important progress is being announced one after another towards the Pi Network mainnet migration scheduled for the end of 2024. As preparations to revolutionize global finance are steadily underway, we will introduce notable new features and future prospects.

New Features and Development Status

Introduction of Business Wallet

The introduction of a corporate wallet by CT has been announced. This new feature will enable companies and organizations to achieve transparent asset management on the Pi Network. Measures against fraudulent transactions and money laundering will also be strengthened, marking an important step towards accelerating adoption by companies and government agencies.

Integration Test with Fiat Currency

Integration tests with major global fiat currencies are progressing smoothly on Testnet 2. This is expected to make Pi more than just a digital currency, serving as a foundation for more efficient cross-border transactions.

Progress in Strategic Partnerships

Partnership with Stellar and Mastercard

A partnership between Stellar and Mastercard was announced at the Meridian conference in October 2024. This partnership will make sending money possible using email addresses or phone numbers instead of complex blockchain addresses, making the everyday use of crypto assets more accessible.

Reference
The New Era of Cryptocurrency Opened by Pi Network: The Impact of the Stellar-Mastercard Partnership

Evolution of Nodes

With the release of Node version 0.5.0, preparations for the open mainnet migration are in full swing. Over 200,000 nodes are planned to be operational, and through operation on Testnet 2, the construction of a stable mainnet environment is progressing.

Reference
Pi Node 0.5.0 Automatic Update: Latest Information and Precautions

Future Outlook and Industry Impact

The Pi Network mainnet migration is predicted to bring about significant changes in the blockchain industry. An increase in new users and the emergence of innovative applications are expected to create a new competitive environment in the cryptocurrency market.

Expectations for Practical Application

Various practical applications, from e-commerce solutions to financial services, are planned for deployment. This will strengthen the Pi Network ecosystem and make it possible to provide practical value to users.

Summary

Pi Network is preparing for a broader and more powerful next phase through the business wallet, integration with fiat currencies, strategic partnerships, and the evolution of nodes. The mainnet migration at the end of 2024 will be a significant turning point shaping the future of the entire cryptocurrency industry.