Pi Network Advances with Protocol 23 Amid Concerns

Pi Network is set to implement Protocol 23 and ISO 20022 by November 2025, aiming for global recognition despite ongoing liquidity and manipulation allegations.

The implementation of Protocol 23 by Pi Network aligns the cryptocurrency with global standards, impacting its positioning in the market and stirring debate over liquidity concerns.

Pi Network’s approach with Protocol 23 and its alignment with ISO 20022 signifies an effort to establish itself as a regulated cryptocurrency. The Core Team, led by Dr. Nicolas Kokkalis, is pivotal in this transition.

The launch of Protocol 23 has notable implications on trading dynamics. Post-November, integration with banking systems is expected, but discussions about liquidity and manipulation allegations suggest mixed perceptions among market participants.

Financial implications are evident, with Pi Network allocating a $100 million development fund to enhance infrastructure. However, Token liquidity remains unresolved, limiting immediate ecosystem adoption.

Dr. Chengdiao Fan, Co-Founder, Pi Network, stated,

The focus is shifting from mere liquidity towards real-world utility, which our global community has long awaited. The next steps in our roadmap—DEX, AMM, and ISO 20022—are designed to unlock adoption globally.

Potential outcomes include increased institutional interest if regulatory alignment succeeds. Historical trends from projects like XRP suggest that ISO 20022 compliance may drive mainstream adoption, despite current market skepticism.