Pi Wallet Upgrade: New Pi Pay and Master Wallet Features Set to Revolutionize Transactions Ahead of Open Mainnet

In the latest update from the Pi Network, exciting developments are underway. The Pi Core Team is currently testing new features for the Pi Wallet within the Pi Browser. As the Open Mainnet launch approaches, two key features—Pi Pay and Master Wallet—are poised to enhance user experiences and expand the functionality of Pi Coin.

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Pi Pay: A Streamlined Payment Solution with PiCoin

Pi Pay is set to become a cornerstone of the Pi Network’s payment infrastructure. This feature will enable users to send, transfer, and make payments using PiCoin, simplifying transactions and reducing the need for credit cards or cash. With Pi Pay, everyday transactions such as money transfers, bill payments, and online shopping will be more accessible and efficient.

Master Wallet: Advanced Security and Multi-Blockchain Connectivity

The Master Wallet is designed for users with substantial PiCoin holdings, offering enhanced security for wallets containing over 10,000 PiCoin. It will connect with multiple blockchains, including Bitcoin and Ethereum, facilitating the exchange of PiCoin with various cryptocurrencies such as BTC, ETH, BNB, and USDT.

Key Features of Master Wallet:

• Enhanced Security: Provides an additional layer of protection for PiCoin holdings.
• Multi-Blockchain Connectivity: Enables seamless conversion between PiCoin and other cryptocurrencies.
• Balance Transfer: Allows transfers from a regular wallet to the Master Wallet and facilitates internal transfers between wallets within the same account.

Preparing for the Open Mainnet

Both features will soon be included in the Mainnet Check List on Cyklist and will be available for Pi Network accounts equipped with Master Wallets. It is important to note that having a Master Wallet is not mandatory for Pioneers with fewer than 1,000 PiCoin.

How Master Wallet Works

To use the Master Wallet, users will need to set up a new passphrase and enter their original password. This process involves entering the passphrase twice to access the Master Wallet. The Master Wallet will also support internal transfers between wallets within a single account, similar to having a smaller wallet for daily use and a larger one for substantial PiCoin storage.

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The success of the Pi Network project is built on the dedicated efforts of the PiCoreTeam (PCT) and the support of global Pioneers. These new features underscore Pi Network’s commitment to enhancing user experience and advancing towards the Open Mainnet with confidence.

Note for Users

For those encountering difficulties in creating or upgrading their Pi Wallets, patience is advised. The upgrade process in the Pi Browser is ongoing and will be completed soon, bringing these new features to users.

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HokaNews Launches New Telegram Channel for Latest Airdrops

HokaNews has officially launched its new Telegram channel, HokaNews Airdrop, designed to provide the latest updates on airdrops and collaborative earning opportunities. The channel aims to keep the community informed and engaged without charging any fees.

It is important to note that HokaNews does not solicit payments for airdrop information or access. The only official channel for HokaNews is named HokaNews Airdrop, accessible via the following link: https://t.me/hokanewsAirdrop. Any claims of payment requests from individuals purporting to represent HokaNews are fraudulent.

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Writer @Elena

Elena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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