TL;DRPi Network introduced a new solution that could speed up the verification process.PI reportedly
Pi Network introduced a new solution that could speed up the verification process.
The New Feature
The team behind Pi Network unveiled Fast Track KYC – a new feature designed via further integration of AI in the Know-Your-Customer process. Pioneers and non-users are allowed to complete it to participate in the Mainnet ecosystem “earlier than ever before.”
“This update builds on Pi‘s expansion of wallet activation eligibility – where KYC’d individuals can now activate wallets even before completing Mainnet migration – and continues the networks mission to increase accessibility while maintaining strong security standards,” the announcement reads.
With a Mainnet wallet activated, new Pioneers can engage with various Pi Network-related applications, local commerce, and ecosystem events. Nonetheless, Fast Track KYC does not enable Mainnet migration, and mined balances will not be transferred until the user is fully eligible and completes the mandatory checklist.
Still, the newly introduced feature marks a significant milestone for Pi Network since it allows quick wallet activation to verified users. Thus, the projects third-party provider, Banxa, is no longer the only solution that offers onboarding options.
Fast Track KYC supports Pi Networks ultimate goal of creating a utility-driven digital ecosystem powered by verified real users.
“By enabling new Pioneers to participate earlier, this feature expands the ability to engage a larger verified audience, which supports developers and accelerates the use and testing of ecosystem apps,” the team added.
How Does it Work?
New users of Pi Network are required to complete at least 30 mining sessions before being allowed to submit a standard KYC application. The team admitted that this created a “natural delay” between joining the network and interacting with the Mainnet ecosystem.
Fast Track KYC removes that barrier and allows users with fewer than 30 mining sessions to pass an early identity verification process and activate their Mainnet wallet.
“If eligible, users will see this option directly within the Pi Wallet app, allowing them to begin KYC and, once verified, gain immediate access to the Pi Mainnet wallet and its utilities,” the disclosure says.
PI and Solana?
The updates surrounding the controversial crypto project dont end here. Earlier today (September 19), the X user MOON JEFF claimed that PI has officially made its debut on the Solana blockchain.
“With Solanas lightning-fast transactions and scalable ecosystem, this marks a historic milestone for Pi Network,” he said.
PIs price did not capitalize on the good news, charting a minor decline of 0.5% on a 24-hour scale. Currently, it trades at around $0.35, representing a significant 90% decline from its all-time high of $3 reached at the start of 2025.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
0.00