Pi Coin is taking another step into the world of digital payments, as more and more businesses in Florida, USA, are accepting it as a method of transaction. However, this currency remains controversial due to its mining mechanism being questioned by many experts.

Pi Coin is Used in Real Estate Transactions

Recently, Zito Realty, a real estate company in Florida run by film producer James J. Zito, announced it would accept Pi Coin in real estate transactions. This makes Pi Coin the second digital currency, after Bitcoin (BTC), to be used for real estate purchases in the USA.

Zito, one of the early Pi Coin miners, has always supported the expansion of digital currency applications into reality.

Not only in real estate, Cube Motor, a car dealership in Florida, has also started accepting Pi Coin for car purchases.

Cube Motor has even appeared on the 'Map of Pi', a map that records businesses supporting payments with Pi Coin.

Is Pi Coin Really Valuable or Just a Short-Term Fad?

After positive news, the price of Pi Coin has risen by more than 20%, reaching $1.90. However, many experts still debate the actual value of this currency.

Some analyses indicate that the value of Pi Coin largely depends on the number of users, and wider acceptance could boost its long-term value.

Nevertheless, Pi Network also faces considerable criticism. Bybit CEO Ben Zhou once called it a scam, warning that many are exploiting Pi Coin to attract investors with the promise of 'free mining' just through a mobile app.

Additionally, the Binance exchange has recently been criticized for considering listing Pi Coin, despite 85% of users supporting it. Legal and practical application issues remain significant barriers for this currency.