Social media X is buzzing with crypto chatter. The latest chatter that is keeping X busy is the talk of a new breakthrough for Pi coin, the native coin of the network. The word in the ecosystem is that financial institutions like banks have recognised a special value called the GCV or Global Consensus Value.
As per reports, Pi coin is all set to go through a revolutionary arc where approximately 200 countries would begin accepting Pi coins as their currency. This could increase the overall price of the token quite meteorically. Therefore, the mood surrounding Pi Coin is hopeful.
Pi As A Fiat Currency?
Pretty soon, users can use their Pi coin holdings as digital currency that is recognised by the bank. Therefore, making the token easier to access and use. As per rumors, the decision is backed by GCV Global Ambassadors.
Reports surrounding the move suggest that GCV heads are pushing for Double Value Movement, where the token would be bought at market price and then sold privately. The news of a newly released application called Boostr is bolstering the rumor train and making things seem more optimistic.
Boostr is essentially a part of the Pi Network. As per the developer’s claim, Pi Coin can now be used to pay utility bills in parts of Asia, Africa, and Latin America. This is not just significant for Pi; if this continues, things can easily translate to other tokens as well.
Therefore, all eyes are on Pi network and where this move would lead.
