BNP Paribas Goes Crypto: Bank Giant Rolls Out SEPA Transfers for Pi Network—Because What’s Riskier Than a French Bank Betting on Unproven Tech?

Breaking tradition—and possibly compliance—BNP Paribas just greenlit SEPA transfers for Pi Network users. No waiting for regulators to catch up, no fuss over Pi’s ‘mobile-mined’ claims. Just old-school banking meets new-school chaos.

Why Pi? Who knows. Maybe BNP’s execs got tired of yacht parties and decided gambling with customer funds was more thrilling. Either way, the move signals banks are getting desperate to stay relevant in the crypto gold rush—even if it means cozying up to projects even Bitcoin maxis side-eye.

One thing’s certain: when the next ‘crisis’ hits, expect these same institutions to plead for bailouts… after blaming ‘unregulated digital assets.’ Classic finance.

In brief

• BNP Paribas partners with Pi Network, integrating SEPA transfers into the Pi Nexus system to accelerate crypto adoption.
• The PI token aims for 1 dollar, supported by a bullish momentum and the backing of a major financial institution.
• A partnership illustrating the growing fusion between traditional finance and blockchain.

Pi Network and BNP Paribas: an unprecedented crypto-banking synergy

Facing the rise of cryptos, bridges between traditional finance and blockchain are multiplying. A new era is opening, driven by strategic partnerships with global ambitions like that of Pi Network with BNP Paribas. The CORE of the partnership is the integration of BNP Paribas’s open banking APIs with instant SEPA transfers, directly connected to the Pi Nexus Banking system. An alliance that paves the way for:

• Faster transactions;
• Lower costs;
• While strengthening institutional trust in the crypto ecosystem.

Thanks to Pi Network’s blockchain technology, companies can now benefit from real-time settlements, thereby promoting large-scale adoption of crypto payments. Additionally, Pi Network recently updated its wallet activation system on the Mainnet, allowing users verified via KYC to more easily activate their wallets. By partnering with providers like Banxa, Pi opens its network to a global audience, contributing to financial inclusion.

Can PI aim for 1 dollar?

This alliance between a traditional banking institution and an ambitious crypto project like Pi Network illustrates a strong trend: the hybridization between centralized finance and blockchain. This collaboration could well redefine the daily uses of crypto for Europeans and beyond.

Currently around 0.59 dollar, the PI token shows signs of bullish consolidation. Technical indicators suggest a possible breakout toward 0.80 dollar or even 1 dollar if the 0.6485 dollar threshold is passed with volume. The partnership with BNP Paribas could therefore be the catalyst for this rise.

One year after investing in BlackRock’s Bitcoin ETF, BNP Paribas decides to partner with Pi Network. This strategic partnership could accelerate crypto adoption in Europe and push PI toward 1 dollar. A promising fusion of traditional finance and blockchain that deserves the full attention of investors.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.