- Pi coins can now be converted to spendable funds via Zypto’s Visa-linked app service.
- Visa does not support Pi directly; Zypto handles internal conversion before card funding.
- Zypto adds cold storage, cross-chain DeFi tools, and MoneyGram remittance support.
Zypto has rolled out a new feature letting Pi coin holders convert them to funds usable on a Visa debit card. This update means users can now spend Pi like regular money for things like shopping, online purchases, and paying bills.
While this feature boosts usability for Pi holders, Visa isn’t directly in on the Pi coin conversion part. Zypto steps in as the middleman. It converts the Pi internally through its system. After conversion, Zypto loads the equivalent funds onto the card it issues.
According to Zypto, here’s how users do it: First, transfer Pi coins from a Pi Wallet into the Zypto app. Once inside the app, Zypto changes the coins internally into usable funds. Then, these funds get linked to the Visa debit card Zypto offers. That card works anywhere Visa payments are accepted online and in stores.
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Clarifying Visa’s Role
The Zypto Visa card isn’t tied into Visa’s core network for handling cryptocurrencies. Zypto handles the Pi conversion on its own. This makes it clear that Visa doesn’t directly back or process Pi coin payments. The setup ensures Pi stays a digital asset.
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Only the fiat-equivalent funds are what move through the standard Visa infrastructure for transactions.
Integration of Cold Storage and DeFi Tools
The Zypto app isn’t just about Pi. It also packs a decentralized finance (DeFi) wallet. This wallet works with a bunch of big blockchains, including Bitcoin, Ethereum, BNB, Polygon, Base, Solana, Tron, and SUI. The wallet lets users do things like swap crypto across different chains, get onto decentralized exchanges, and buy crypto right there in the app.
For boosting wallet security, Zypto has put out Vault Key Cards (VKCs). These metal cards work like cold storage devices. They use NFC tech and fingerprint scanning to keep parts of a user’s wallet recovery words offline and safe.
Latest Integrations and Past Deals
Zypto recently got more blockchains on board. They added the SUI network and the Aftermath Finance swap protocol. These new hookups follow deals made before.
One was a partnership with MoneyGram and the Stellar Development Foundation. That past project let users swap Stellar-based USDC for local cash, or the other way around, at MoneyGram spots that were set up for it.
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