Smart Contract Auto-Payment: Pi Network Unlocks Seamless Transactions in Web3

Pi Network has officially activated smart contract auto-payment functionality, a major milestone in its transition toward full Web3 integration. As shared by @Sanasticusman, this feature allows payments to be released automatically based on predefined conditions—without manual intervention or third-party oversight.

This advancement is part of Pi Network’s broader infrastructure upgrade, which includes the rollout of Protocol v23.01. The protocol, launched on September 3, 2025, introduces a suite of enhancements designed to support scalable, secure, and programmable transactions across the Pi ecosystem.

Protocol v23.01: Foundation for Automation and Trust

The new protocol is built on Stellar’s architecture and includes:

• Smart contract support via Soroban

• Parallel transaction processing for high throughput

• Decentralized KYC aligned with ERC-3643 standards

• Biometric authentication via Passkey

• Linux Node expansion for institutional-grade deployment

These upgrades enable developers to build decentralized applications (dApps) that automate payments, enforce agreements, and execute logic based on real-time data. The auto-release payment feature is a direct result of Soroban’s smart contract capabilities, which now power over 80 dApps in the Pi ecosystem.

How Auto-Payment Works in Pi Network

Smart contracts in Pi Network are programmable agreements that execute automatically when conditions are met. For example:

• A merchant can set a contract to release Picoin upon delivery confirmation.

• A freelancer can receive payment once a task is verified by a decentralized oracle.

• A DAO can distribute rewards based on voting outcomes or staking performance.

This automation reduces friction, eliminates trust barriers, and ensures that transactions are executed fairly and transparently.

Impact on Commerce and Financial Inclusion

The auto-payment feature is particularly impactful for small businesses, freelancers, and peer-to-peer marketplaces. In regions where banking infrastructure is limited or unreliable, Pi Network offers a decentralized alternative that is secure, accessible, and programmable.

By enabling conditional payments, Pi Network empowers users to engage in complex financial interactions without relying on centralized platforms. This aligns with the project’s mission to democratize access to digital finance and build a more inclusive economy.

Developer Momentum and Ecosystem Expansion

The Pi Hackathon 2025, running through mid-October, has seen a surge in smart contract development. Developers are using Pi App Studio and PiOS to build dApps that leverage auto-payment functionality for services such as:

• Subscription billing

• Escrow and dispute resolution

• Crowdfunding and milestone-based funding

• Automated payroll and reward distribution

These applications reflect the growing maturity of Pi Network’s developer ecosystem and its readiness to support real-world use cases.

Pi Network smart contract auto-releases payment.....🔄 pic.twitter.com/3tutyYUxk7

— Saπastic (@Sanasticusman) September 7, 2025

Institutional Interest and Strategic Listings

Pi Network’s infrastructure upgrades have attracted institutional attention. The listing of the Valour Pi ETP in Sweden brought nearly $947 million in assets under management, signaling confidence in Pi’s long-term viability.

Swapfone (BTCC) in the United States has officially listed Picoin, expanding its reach in North America. Meanwhile, integration with Onramp Money allows users in over 60 countries to purchase Picoin using local payment methods.

Rumors of potential listings on Binance, Coinbase, and Upbit continue to circulate. If confirmed, these listings could dramatically increase liquidity and visibility, accelerating Pi’s integration into global financial markets.

Market Dynamics and Token Strategy

As of early September, Picoin trades around $0.34, down 10% from its recent peak. Analysts suggest that the reduced token unlock volume—161 million tokens this month, nearly half of August’s release—could ease selling pressure and support price stabilization.

Technical indicators show a potential rebound toward $0.42–$0.45, especially if demand increases and exchange listings materialize. The auto-payment feature may also contribute to transactional volume, reinforcing Picoin’s role as a functional currency.

Governance and Decentralization Challenges

Despite its progress, Pi Network faces challenges. With 82.8% of token supply still under Core Team control, concerns remain about governance centralization. The community continues to advocate for phased decentralization, transparent decision-making, and open-source development.

The PiOS codebase is now 90% complete, and the Core Team has committed to releasing more governance tools, including DAO frameworks and staking mechanisms. These efforts aim to distribute influence and ensure that Pi Network evolves in alignment with user needs.

What Comes Next

Looking ahead, Pi Network’s roadmap includes:

• Full deployment of Soroban smart contracts

• Expansion of staking and DAO governance

• Launch of Pi-powered marketplaces and identity services

• Continued rollout of smart contract-enabled applications

• Potential listings on major exchanges and institutional platforms

These milestones will further solidify Pi Network’s role as a foundational layer in the Web3 economy.

Conclusion: Automation as a Catalyst for Trust

The introduction of smart contract auto-payment marks a turning point for Pi Network. It transforms Picoin from a mined asset into a programmable currency capable of powering decentralized commerce, governance, and innovation.

In a digital economy where trust is scarce and intermediaries dominate, Pi Network offers a new model—one where code enforces fairness, and users control their financial destiny.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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