Pi Network is Making Waves! Can You Really Buy Property and Cars with Pi Coin?

Jakarta, Pintu News – Pi Network (PI) has taken an important step towards mass adoption by joining Bitcoin (BTC) in the crypto payments space.

However, the token remains controversial due to its mining method which continues to spark debate in various jurisdictions.

Pi Network Now Accepted for Property Transactions

In a post on X (Twitter), Pi Network revealed that Zito Realty in Florida now accepts Pi Network (PI) for property transactions. This real estate company, led by American film producer and actor James J Zito, has been a pioneer in integrating Pi Coin into the property market.

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“American film producer and actor James J Zito currently serves as a director of Zito Realty, a real estate company in Florida, USA, that accepts property transactions using Pi Coin,” the post reads.

This makes PI Coin the second cryptocurrency, after Bitcoin (BTC), to be accepted for property transactions by Zito Realty LLC. Zito, an early adopter in Pi mining, has been a strong proponent of expanding the use of digital currencies into real-world applications.

Pi Network (PI) Used in Car Purchasing

In addition to property transactions, PI Coin is also being used in car purchases in Florida. Reports indicate that Cube Motor, a Florida-based car dealer, started accepting Pi Coin as a payment method for vehicle purchases.

“You can now buy a car with 𝛑 at Cube Motor,” said a Pi Network community member recently.

In addition, Cube Motor has been added to the Pi Network’s “Pi Map”, a directory featuring businesses that accept PI Coin. This further strengthens PI Coin’s potential as an acceptable alternative to the traditional financial system and increases confidence in the legitimacy of this cryptocurrency.

PI Coin’s integration in the real estate and automotive industries also reflects its increasing utility. Companies like Tesla have previously experimented with transactions using digital currencies, and Cube Motor’s acceptance of PI Coin marks another step towards wider adoption.

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Pi Network still faces criticism

For the global Pi Network community, this latest development provides an opportunity to utilize their holdings for tangible goods. Following this announcement, PI Coin’s market price jumped by more than 22%. As of February 26, 2025, PI Coin is trading at $1.91.

Meanwhile, analysts put forward four key hypotheses regarding PI Coin’s valuation. However, the core of PI Coin’s value relies heavily on a broad and growing user base. This means that increased adoption will drive long-term appreciation.

Despite the growing adoption of Pi Network, the project has also faced criticism. Bybit’s CEO, Ben Zhou, called it a scam, questioned PI Coin’s legitimacy, and warned against speculative hype.

“Many criminals use Pi to claim that they can mine for free just by downloading an app on their phone,” Ben Zhou claimed in a statement.

Binance has also faced criticism regarding the possible listing of PI Coin despite 85% voter support. Concerns focus on regulatory clarity and real-world adoption.

While some critics remain skeptical, there are also those who defend Pi Network’s credibility, emphasizing its active developer community and its commitment to decentralization. Supporters also argue that Pi Network’s speed gives it a competitive advantage, potentially making it a more practical digital currency.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Pi Network Breaks New Ground as Florida Businesses Start Accepting PI Coin. Accessed on February 27, 2025