PCM will not charge users who utilize the feature to withdraw 50 Pi daily. Additionally, the protocol is working on allowing bulk withdrawals in the future.
Pi Withdrawal Goes Live
Pi Chain Mall (PCM) has launched the highly anticipated Pi withdrawal function. Users can now withdraw Pi coins on the marketplace.
PCM vendors will be able to withdraw 50 Pi daily. The protocol plans to increase the withdrawal limit through a merchant verification system, allowing verified merchants to withdraw thousands of $Pi. PCM announced the launch on February 1st, embedding an image of the numerous users already utilizing the feature.
Following the successful launch, the PCM team wrote to BSC News, expressing delight at becoming the first marketplace on Pi Network to integrate the withdrawal function.
“After months of development and testing, we are launching the Pi withdrawal function! We are probably the first and the largest Pi marketplace for launching the large-scale automatic Pi withdrawal function. We believe this could bring more liquidity for the Pi ecosystem,” PCM wrote.
As BSC News reported on January 30, users interested in withdrawing Pi from PCM must complete email verification and set up a 2FA key using Google Authenticator, as it is imperative to the security of their assets.
PCM does not charge any fees for Pi withdrawals. However, vendors will be charged 0.01 Pi for transaction fees on the blockchain. Already, users have started dropping positive reviews about the feature. Visit the PCM website (pipcm.com) on Pi Browser to learn more.
At this time, the Pi Network Core Team has not confirmed an official connection between Pi Network and fiat.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.
Where to find Pi Network:
Source : bsc.news
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