Pi Network to Open Blockchain for Cross-Chain Transactions on July 15: Trials with mBridge and Chinese Digital Currency Underway
By: Elena - Pi Network, a rapidly growing blockchain
network, is set to make a significant leap by opening its blockchain for
cross-chain transactions on July 15. This information comes from Stellar,
revealing that Pi Network is currently conducting a crucial test. This test
involves transactions from the Pi blockchain to the mBridge blockchain using
China's digital currency.
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This milestone marks a pivotal moment in Pi
Network's journey toward broader adoption and integration with the global
financial system. The cross-chain trial demonstrates that Pi Network is not
only focused on internal development but also on collaborating with other
blockchain projects to expand its ecosystem.
Cross-Chain
Trial with mBridge
mBridge is a blockchain initiative designed to
facilitate cross-border transactions with central bank-issued digital
currencies. The trial between Pi Network and mBridge highlights the potential
use of Pi Coin in international transactions, particularly utilizing China's
digital currency.
This trial is significant as it showcases Pi
Network's technical capabilities in integrating its technology with other
blockchains—a crucial step towards broader adoption and utilization in various
economic contexts.
Implications
for Pi Network's Future
By opening its blockchain for cross-chain
transactions, Pi Network demonstrates its commitment to innovation and
expansion. This move will not only enhance the utility of Pi Coin but also
strengthen Pi Network's position as a major player in the global blockchain
ecosystem.
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The potential integration with China's digital
currency via mBridge signifies a tremendous opportunity for Pi Network to tap
into a broader and more diverse market. It could pave the way for more
collaborations with other blockchain projects and financial institutions in the
future.
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The opening of Pi Network's blockchain for
cross-chain transactions on July 15 is a significant step that highlights its
capabilities and long-term vision. The trial with mBridge and China's digital
currency is concrete evidence that Pi Network is poised to become a vital part
of the global blockchain ecosystem.
With this development, Pi Network's future
looks increasingly bright, and we can expect to see more innovations and
collaborations from this project in the coming months.
This information comes from stellar: on July 15 Pinetwork will open the blockchain for cross-chain transactions, but not against Pinetwork is already carrying out tests, this test was carried out from the blockchain Pi to the mBrige blockchain with the Chinese digital currency pic.twitter.com/5fGsDngrjN
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