YEREVAN (CoinChapter.com) — Pi Coin adoption is expanding as businesses in Florida integrate it into their payment systems. Zito Realty, a real estate company led by James J Zito, now accepts PI Coin for property transactions.
A post on X confirmed the update:
“American film producer and actor James J Zito is currently the director of Zito Realty, a real estate company in Florida, USA, which accepts real estate transactions with Pi coins.”
Zito Realty becomes one of the few firms to accept PI Coin for real estate transactions. The company had already adopted Bitcoin (BTC), making PI Coin the second cryptocurrency it supports. James J Zito, an early Pi miner, has been involved in expanding digital currency use in real estate payments.
Florida Car Dealership Cube Motor Adds PI Coin as a Payment Option
PI Coin adoption is not limited to real estate. Reports indicate that Cube Motor, a Florida-based car dealership, has started accepting PI Coin for vehicle purchases.
A Pi Network community member shared the update:
“You can now buy cars with (pi) at Cube Motor.”
The dealership has been added to the Pi Network’s ‘Map of Pi’, a directory listing businesses that accept PI Coin as payment. The use of PI Coin in car purchases suggests a growing number of merchants integrating crypto payments into their businesses.
Companies such as Tesla have previously tested crypto payments, but Cube Motor’s acceptance of PI Coin for vehicles marks another expansion of digital currency use.
Price Surges as Adoption Expands
After Zito Realty and Cube Motor began accepting PI Coin, the cryptocurrency’s price surged over 20%, reaching $2.83, according to TradingView data from OKX. Analysts note that PI Coin’s price is closely linked to its user base and adoption rate.
Despite the increase in PI Coin transactions, its future remains uncertain. Market watchers are observing how wider acceptance will affect its long-term price stability.
PI Coin Faces Criticism Over Legitimacy Concerns
Despite increased PI Coin adoption, some industry figures remain skeptical. Bybit CEO Ben Zhou has called Pi Network a scam, warning users about possible risks.
“Many criminals use Pi to claim that they can mine for free by simply downloading an app on their mobile phones,”
Ben Zhou stated.
Additionally, Binance faced resistance over a potential PI Coin listing, despite 85% of voters supporting it. Concerns remain over regulatory issues and whether Pi Network can meet expectations.
Supporters Argue PI Coin’s Utility in Digital Transactions
While some remain doubtful, Pi Network’s defenders point to its developer community and growing real-world use cases. They argue that PI Coin’s fast transactions could offer benefits over traditional cryptocurrencies.
Above all, the acceptance of PI Coin in real estate and car purchases suggests businesses are beginning to explore alternative payment systems. The long-term impact of PI Coin’s adoption is still under review.