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Pi Network Partner Onramp Money Launches Cryptocurrency Withdrawal in Hong Kong
Onramp Money, a partner that has been KYB verified and integrated with Pi Wallet, has launched cryptocurrency withdrawal services in Hong Kong. This service allows users to sell supported crypto assets and receive Hong Kong dollars directly into their bank accounts. The rollout adds a cross-border payment channel for Pi Network users, enabling them to access traditional banking services through crypto off-ramps, as the Pi ecosystem continues to focus on utility and real-world payment use cases.
Onramp Money Launches Cryptocurrency Withdrawal Service in Hong Kong
Onramp Money’s new service lets users exchange crypto assets for Hong Kong dollars and withdraw funds directly to local bank accounts. The company is one of Pi Network’s verified fiat on-ramp and off-ramp partners, and it has integrated with other providers such as Banxa and Transfi within the Pi Wallet ecosystem. The withdrawal feature provides an additional route for users in regions where crypto-to-bank transfers are still restricted.
Banxa Outlines Pi Ecosystem Payment Plan
Banxa stated that artificial intelligence has significantly reduced many of the challenges developers faced when building applications. According to Banxa, the main challenges today are distribution and user adoption. The company said the Pi core team is actively working to address distribution issues for the next generation of creators. Banxa noted that once applications within the Pi ecosystem are ready for broader commercial use, the company plans to support cross-border real-world payments.
Pi Network Sets June 28 Deadline for Protocol 26 Upgrade
Pi Network is urging Mainnet node operators to complete the Protocol 26 upgrade by June 28. The team warned that the upgrade process may take longer than usual and encouraged operators not to wait until the last minute. This upgrade is intended to keep nodes connected to the network and support future ecosystem development.