Connect with us

Hi, what are you looking for?

Technology

Pi Network Unveils Rapid Payment Integration Tool as PI Coin Remains Stagnant

Pi Network has launched a developer library for quick payment integration, yet PI Coin price remains unchanged

Pi Network has introduced a new developer library that allows for the integration of Pi payments into applications in under ten minutes. This initiative is designed to facilitate real-world utility and promote developer engagement as the platform aims for growth into 2026.

Despite this significant update aimed at accelerating the transition from conceptual ideas to practical applications, the price of the native token, PI Coin, has shown little to no movement. Currently, the token trades at approximately $0.2089, reflecting a stagnation that counters the optimistic developments within the ecosystem.

The newly launched library merges the Pi SDK with backend APIs into a single setup, streamlining the integration process for developers. This enhanced accessibility encourages experimentation and expedites the creation of Pi-powered applications. With payments being a crucial aspect of real-world utility, simplifying this integration is a strategic move to bolster the ecosystem”s growth.

Developers can leverage a variety of tools on both frontend and backend platforms. Frontend development can utilize JavaScript or React, while backend support encompasses Next.js and Ruby on Rails. This broad compatibility not only benefits new projects but also assists existing Pi applications in quickly implementing payment functionalities.

Despite the push for enhanced utility through these development tools, the price of PI Coin has not reacted positively. The token currently stands at $0.208, marking an approximate decline of 88% from its all-time high. Furthermore, the upcoming release of nearly 95 million PI tokens, set to occur in January, is expected to exert additional downward pressure on the market, as it introduces more supply at a time when demand remains tepid.

As Pi Network gears up for a year of building and innovation, the challenge remains for the PI Coin to gain traction amidst these developments. The community is keenly observing how these tools will influence the overall ecosystem and whether they can stimulate a much-needed uplift in token value.

You May Also Like

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Altcoins

XRP is poised to play a crucial role in a $30 trillion market for tokenized assets, reshaping finance.

Bitcoin

Bitcoin"s price has dropped below the critical $100,000 level, raising concerns among investors.

Altcoins

LivLive offers a 200% bonus in its presale, making it a standout option for investors seeking affordable crypto.

Altcoins

Ripple, XRP, and the XRP Ledger are distinct entities crucial for cross-border payments.

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Business

Ripple"s recent achievements spark discussions on an IPO, though the company denies any immediate plans.

Markets

Ethereum struggles to maintain a $3.2K floor amidst significant DeFi market outflows and low buying conviction.

Regulation

Finland will adopt the OECD"s Crypto-Asset Reporting Framework to enhance crypto transaction transparency by 2026.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Regulation

Nvidia"s stock drops sharply after the US bans AI chip sales to China, impacting growth plans.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.