The Pi Network has recently rolled out significant updates aimed at enhancing user experience, although the Pi token continues to face challenges, reaching new all-time lows. This duality reflects the ongoing evolution of the project amidst a volatile market.
Released just last week, the Core Team”s latest update includes a detailed video explaining how users, referred to as Pioneers, can leverage the new features. Despite a month of relatively stable trading between $0.20 and $0.22, the token has now plummeted to a shocking new low.
The update highlights the integration of a simplified payment feature directly into the Pi App Studio, allowing creators to implement in-app payments without any coding skills. This feature, however, is currently limited to Test-Pi. According to the video, users can engage in payment interactions during an active app session without restarting the app.
To utilize this feature, creators must access the Pi App Studio within the Pi Browser. The integration remains unavailable in the Pi Desktop App, requiring creators to develop a new custom application. For instance, the team demonstrated how to add Pi payments to a “Customized App With Pi AI.” After receiving an AI response, creators can click the “Implement Pi Payments” button and link their Pi wallet to process transactions.
Despite these technological advancements, the market reaction has been negative. In the past 12 hours, the Pi token has seen another decline, reaching $0.1687 according to CoinGecko. This marks a staggering 9% decrease over the week and a more than 16% drop in the last two weeks. Overall, the token has lost over 94% of its value compared to its peak 11 months ago.
As the Pi Network strives to innovate and enhance its ecosystem, Pioneers are encouraged to explore these new payment functionalities. However, the ongoing decline in the Pi token”s value casts a shadow over these developments.
