Pi Network (PI) slid all the way from the $2.99 all-time peak in mid February, 2025 to retesting the $0.20 major demand zone last week. The 91.9% pullback in 8 months has frustrated even the most loyal Pioneers, awaiting new adoption cases of the mobile-mining crypto currency.
Pi’s Price Still Crossing Paths With Bears
With the lack of listings on major crypto exchanges (CEXs), Pi’s Core team put more effort towards the decentralized finance (DeFi) push, launching an automated market maker (AMM), as well as a decentralized exchange (DEX) native to Pi Network. Nevertheless, Pi’s price appreciation was nowhere to be found.
Now, a cross-border banking integration with the help of OKX has awakened the sleeping giant. Introduced by Stanford PhD students Dr. Chengdiao Fan & Dr. Nicolas Kokkalis, Pi Network will be available on SWIFT as a cross-border internal banking solution, according to a Pi community statement.
Pi Coin Arriving On SWIFT’s Internal Bank?
Notably, this is different from an external integration, but aligns with the upcoming ISO 20022 standard, a universal language for financial communication across borders.
As a usual procedure, Pi Network verifies partners via the Know Your Business (KYB), an equivalent of the user-focused Know Your Customer (KYC). While Pi’s internal SWIFT integration has boosted Pi Coin’s price to $0.29, the $0.30 confluent resistance pushed the mobile mining altcoin back to $0.24 at the time of this writing.
With a $2.23 billion market cap, Pi Network (PI) had just successfully reclaimed the 63th spot by global crypto market cap, but the altcoin still registers low numbers in trading volume, raising some concerns about its current fitness as a peer-to-peer solution.
In the broader perspective, Pi’s newly-launched blockchain is based on Stellar (XLM), which is in fierce competition with Ripple (XRP) & Hedera (HBAR) in terms of integration. The latter two are officially confirmed for external SWIFT integration testing in Q4 of 2025.
On The Flipside
- Despite OKX’s KYB clearance giving substantial credibility to the cross-border internal banking solution claims, no details on Pi Coin’s scalability on SWIFT had been issued.
- Indecisive whale behavior and Pi Coin’s intra-day pullback to $0.24 implies a rather shaky, unsustainable bull run that’s mostly driven by speculative factors.
Why This Matters
SWIFT is a leading financial conglomerate that’s been seeking to upgrade cross-border transfers with a cost-effective & instant system, putting multiple Layer-1 blockchains as candidates for partnership or integration.
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Buckle up—Pi Network just activated internal cross-border banking through the SWIFT system (the global messaging network banks use for speedy international transfers) via OKX exchange.
Excitement exploded as traders poured in, driving a 41% surge in the last day alone because this integration screams “real-world usability,” pushing Pi from around $0.20 to over $0.25 and eyeing $0.30 next.
Not yet—it’s an internal activation for Pi’s own banking features, but it’s a massive step toward broader compatibility, especially with ISO 20022 upgrades coming November 22 that could link Pi to major banks worldwide.
Imagine sending money across borders without the usual fees or delays— this setup supercharges Pi for quick global payments, bridging crypto with traditional finance and making it a go-to for pioneers mining on their phones.
With 2.7 million users migrating to mainnet and AI integrations on the horizon, Pi’s eyeing explosive growth—analysts predict it could hit $0.45 by year-end if adoption keeps rolling, so keep mining and watch the sparks fly!
