Important Pi Network News and PI Price Update: August 21

There was a big speculation in the past few days, which, unfortunately for the vast Pi Network community, turned out to be false, at least according to the latest reports.

Nevertheless, we will explore in great detail what it was for, and we will take a look at all the recent news, updates, incoming changes, and PI token movements, so let’s dive in.

PayPal and PI?

Starting with the aforementioned rumor that rocked the Pi community a few days ago, one of the unofficial channels dedicated to covering Pi Network news noted that PayPal might add the project’s native token to its Crypto Payment Ecosystem. The report informed that PayPal’s developer ecosystem listed PI among the supported assets, which would have allowed users to spend it at eligible US merchants with PayPal handling real-time crypto-to-fiat conversions.

However, the same news channel refuted its own statement just a day later. The update reads that “PayPal is not currently listed as a KYB-verified business on Pi Network,” unlike verified platforms such as OKX and MEXC.

… Continue reading the full article at the original source below.