Pi Network Introduces QR Code Feature and PiFest Event to Boost Local Commerce

Key Takeaways:

• Pi Network introduces a QR code feature in its Pi Wallet app, streamlining Pi coin transactions.
• PiFest, a week-long December 6-11 event, will promote local businesses accepting or integrating Pi coin payments.
• The IOU token price for Pi Network stands at $34.49, reflecting a 0.45% increase in the last 24 hours.
• Coincodex predicts a potential surge in Pi token prices, reaching between $150 to $210 by late 2024.

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Pi Network, a leading player in the crypto space, has recently unveiled an innovative QR code feature in its Pi Wallet app, aimed at simplifying peer-to-peer and business transactions using Pi coins. Alongside this development, the company has also announced PiFest, a week-long event designed to spotlight and promote local businesses that accept or integrate Pi coin payments.

PiFest is officially underway! Everyone can join the excitement whether spending Pi or not: (1) Snap a picture of the flier in shops you visit. (2) Post the picture on social media with #PiFest. (3) Fill out the Survey above once per shop visited. Learn more in the Pi app. pic.twitter.com/k53SexP55C

— Pi Network (@PiCoreTeam) December 7, 2023

Pi Wallet’s QR Code Feature Enhances Transaction Efficiency:

Pi Network has launched a QR code feature in its Pi Wallet app, revolutionizing the way users send and receive Pi coins. This feature eliminates the need for manual entry of lengthy wallet addresses, offering a swift and error-free method for fund transfers and payment requests. Businesses can also benefit by easily displaying QR codes to facilitate seamless Pi transactions with customers.

Read More: Pi Network Price Prediction

PiFest Event to Showcase Pi-Accepting Local Businesses:

In conjunction with the QR code feature launch, Pi Network presents PiFest, a week-long event dedicated to promoting local businesses that embrace Pi payments. Scheduled from December 6-11, PiFest encourages users to visit participating establishments, make purchases using Pi coins and share their experiences on social media. The event aims to raise awareness about Pi acceptance among local businesses and foster a sense of community engagement.

PiFest’s dual objectives are to empower local businesses leveraging Pi payments and blockchain technology while providing customers with a convenient way to discover and engage with Pi-accepting merchants. This initiative marks a significant stride in showcasing the real-world utility of Pi coins and promoting practical Pi commerce applications.

Recent Price Movement and Future Predictions:

As of December 4, 2023, the IOU token price for Pi Network is $34.49, reflecting a modest 0.45% increase in the last 24 hours. According to Coincodex, Pi token prices have a promising forecast, with an anticipated surge to $40.07 in the next month. The algorithm also predicts a potential surge of over 400% in Pi coin IOU values, reaching between $150 to $210 by late 2024.

Additional Read: Pi Network Mainnet Launch Date & Roadmap

Conclusion:

Pi Network’s recent developments, including the QR code feature and the upcoming PiFest event, underscore the company’s commitment to advancing the adoption of Pi coins in everyday transactions. As users explore the enhanced transaction capabilities and participate in PiFest, the crypto community eagerly awaits the potential growth and utility of Pi in mainstream commerce.

Source: CoinCodex