Onramp Money, a KYB-verified partner integrated with the Pi Wallet, has launched a cryptocurrency withdrawal service in Hong Kong. The service allows users to sell supported crypto assets and receive Hong Kong dollars directly in their bank accounts. The launch adds a new cross-border payment channel for Pi Network users to access traditional banking services through crypto off-ramps, as the Pi ecosystem continues to focus on utility and real-world payment use cases.
Onramp Money Launches Hong Kong Crypto Withdrawal Service
Onramp Money's new service allows users to convert crypto holdings into Hong Kong dollars and withdraw funds directly to local bank accounts. The company serves as one of Pi Network's verified fiat on-ramp and off-ramp partners, integrated alongside other providers such as Banxa and Transfi within the Pi Wallet ecosystem. The withdrawal feature creates additional pathways for users in regions where crypto-to-bank transfers remain limited.
Banxa Outlines Pi Ecosystem Payment Plans
Banxa stated that artificial intelligence has significantly reduced many of the challenges developers once faced when building applications. According to Banxa, the main challenge now is distribution and user adoption. The company said the Pi Core Team is actively working to solve distribution issues for the next generation of creators. Banxa indicated it plans to support cross-border real-world payments once applications within the Pi ecosystem are ready for broader commercial use.
Pi Network Sets June 28 Deadline for Protocol 26 Upgrade
Pi Network is urging Mainnet node operators to complete the Protocol 26 upgrade before June 28. The team warned that the upgrade process may take longer than usual and encouraged operators not to wait until the last minute. The upgrade is designed to keep nodes connected to the network and support future ecosystem development.
Pi Token Trades at $0.125 Amid Supply Pressure
At the time of writing, the Pi Network price was around $0.125. The token fell to a new all-time low in recent weeks. Analysts estimate that more than 160 million PI tokens could enter circulation over the coming weeks. Large token unlocks continue to add supply to the market.
FAQ
What service did Onramp Money launch in Hong Kong?
Onramp Money launched a cryptocurrency withdrawal service in Hong Kong that allows users to sell crypto assets for Hong Kong dollars and withdraw funds directly to local bank accounts. The company is a KYB-verified partner integrated with the Pi Wallet.
When is the deadline for Pi Network's Protocol 26 upgrade?
Pi Network set a June 28 deadline for Mainnet node operators to complete the Protocol 26 upgrade. The team warned that the upgrade process may take longer than usual and encouraged operators not to wait until the last minute.
