Pi Network has obtained ISO 20022 verification! Joining forces with Ripple to challenge $0.60.

Pi Network has officially joined the ISO 20022 standard organization and has allied with major Blockchain participants such as Ripple and Stellar. This move may redefine its role in the global payment sector. This news has sparked optimism in the encryption community, with Pi Network expected to reach $0.60 this November, requiring a 130% pump from its current price.

ISO 20022 certification enhances Pi Network's global reputation

The addition of the ISO 20022 standard places Pi Network among the well-known names in the financial information infrastructure domain. Ripple (XRP) and Stellar (XLM) are among the few cryptocurrency networks recognized by this global standard, which simplifies communication between financial institutions through a structured data format. By adopting this standard, Pi aims to enhance interoperability with global banking and payment systems, marking a crucial step towards practical application scenarios beyond its current community-driven ecosystem.

Incorporating the ISO 20022 standard helps Pi Network transform from an emerging digital currency project into a legitimate participant in the global financial arena. The adoption of the ISO 20022 standard is gradually becoming a common practice among financial institutions, enabling faster, clearer, and safer cross-border settlements. For Pi, compliance will help establish partnerships and gain institutional trust, laying the groundwork for potential exchange listings after its mainnet launch.

The Three Major Impacts of ISO 20022 Standard on Pi Network:

Enhance Interoperability: Seamless integration with global banking and payment systems to achieve standardization in cross-border transactions.

Enhancing Institutional Trust: Complying with international financial messaging standards to clear regulatory hurdles for exchange listings.

Expand Application Scenarios: Shift from community-driven to actual financial applications, seamlessly connecting with traditional payment systems.

The Pi community has long anticipated adjustments to regulatory policies and an expansion of their application scope. The network initially started as a mobile mining project and has now evolved into a platform with over 60 million global users. Joining the ISO 20022 standard will establish a technical and reputational bridge for this project, enabling it to be more widely accepted by users, especially as interoperability becomes increasingly crucial in the evolving digital economy.

Experts believe this is a strategic move for Pi towards mainstream integration, as Pi's inclusion in the ISO framework may help it connect more smoothly with traditional payment systems. With the addition of Ripple and Stellar, Pi's involvement highlights the increasingly important role of Blockchain in shaping the future global payment landscape under unified standards.

260 million users migrate to mainnet technology upgrade acceleration

The past few weeks have been very busy for Pi Network. The team has just pushed an important KYC update, verifying over 3.3 million previously “pending” users using artificial intelligence technology. This update allows 2.6 million users to finally migrate their PI to the mainnet. This is an important milestone in the development history of Pi Network, as the mainnet migration means that the PI tokens earned by these users through mining can be sold on the open market.

Pi Network was founded in 2019 by two PhDs from Stanford University, aiming to make cryptocurrency easily accessible to everyone. No power-consuming computers are needed; you can “mine” Pi coins simply on your mobile phone. It uses a system based on the Stellar consensus protocol. The ultimate goal is to build a large decentralized community—currently with over 60 million users—and to create various practical functions around this community. This goal has been achieved, as Pi Network is currently in the “open mainnet” phase.

KYC (Know Your Customer) verification is a key step for Pi Network towards compliance. By accelerating the verification process through artificial intelligence technology, the Pi team has addressed the longstanding issue of pending status that has troubled the community. The migration of 2.6 million users not only increased the activity of the mainnet but also provided a more solid foundation for the liquidity of the PI token. This technological upgrade coincides with the timing of ISO 20022 certification, indicating that Pi Network is advancing its mainstreaming process across multiple dimensions.

Weekly pump 36% Technical indicators show bullish signals

(Source: Trading View)

Pi Network has returned to hot discussions in the cryptocurrency market this week. After a long period of decline, the price of PI is hovering around $0.27 today. Just last week, its price surged by 36%, making it one of the best-performing cryptocurrencies. A series of positive news has brought Pi Network back into traders' sights during the recent sudden surge, and this new momentum represents a significant shift for a project that has received mixed reviews from many in the past.

From a technical perspective, the token has recently broken through the descending channel that has been suppressing prices since late September. In addition, $0.60 is a key resistance level where prices briefly surged in June before retreating—indicating that there may be significant supply at this level. Breaking through the descending channel is a typical bullish signal, often marking the beginning of a trend reversal. If PI can maintain its position at the current price level and continue to rise, the $0.60 resistance level will become the next target to test.

Will the price of Pi reach 0.60 USD in November? This requires a 130% increase from the current price of PI—although there is still a long way to go from its historical high of 2.98 USD in February, the technical indicators for PI are beginning to show bullish signs. Naturally, this revival momentum has spawned some very optimistic predictions. In fact, Pi Network price predictions indicate that the PI token is expected to reach 0.60 USD in November this year.

Three major catalysts driving the achievement of the $0.60 target

Some catalysts may provide momentum for this wave of price increase. First of all, any news about listing on a large centralized exchange (such as Binance) will have a huge impact. The ISO 20022 certification has cleared regulatory hurdles for Pi Network, increasing the likelihood of being listed on mainstream exchanges. Once top exchanges announce the listing of PI, the increase in liquidity and accessibility will directly drive the price surge.

Secondly, the entire cryptocurrency market is also crucial. If Bitcoin hits an all-time high in November, a large amount of liquidity may flow into other cryptocurrencies. Given that Pi's market capitalization is relatively low, price fluctuations can be very drastic during altcoin season. When Bitcoin completes a round of pumping and enters a consolidation phase, funds typically look for relatively undervalued, story-driven altcoins, and Pi Network fits this characteristic perfectly.

Finally, pay close attention to its practicality. If the ongoing Pi Network hackathon can produce a truly popular dApp, or if the team can successfully complete the upcoming PI token unlock, then this could boost investor confidence and make it possible for the PI price to rise to $0.60. The enhancement of practicality is the foundation of long-term value. If a killer application emerges in the Pi ecosystem, it will provide continuous support for token demand.

Key Conditions for Pi Network to Reach the $0.60 Target:

Exchange Launch: Top-tier exchange launches PI, liquidity explosion

Market Environment Coordination: Bitcoin's new high triggers altcoin season, with a capital overflow effect.

Ecosystem Maturity: Hackathon produces popular dApps, increased practicality drives demand

Token Unlock Successful: The upcoming unlock plan is being executed smoothly, and the market has a strong absorption capacity.

From a risk perspective, the large-scale unlocking of PI tokens may bring selling pressure, especially for early mining users who hold long-term and have zero cost. However, if the unlocking speed can synchronize with the expansion of actual application scenarios, the market has the capacity to absorb these supply increments. The institutional trust and potential partnerships brought by ISO 20022 certification will provide PI with deeper liquidity pools and a broader demand base.