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Pi Network has rolled out Pi Request for Comment 2 (PiRC2), opening its testnet subscription smart contracts for developers and the community to review, test, and provide feedback. The update is designed to stress-test recurring payment systems within the ecosystem ahead of any full deployment.
The PiRC2 update centers on a subscription smart contract framework that enables recurring payments directly on-chain.
Under the model, users approve a subscription once, after which payments can be executed automatically on a set schedule. Unlike traditional approaches that lock full funds upfront, Pi’s design keeps funds in the user’s wallet and deducts only when a payment is triggered.
The system is built using Soroban technology from the Stellar ecosystem, leveraging token allowance mechanisms to support controlled and secure billing. Developers can also structure payments in flexible ways, including weekly, monthly, or usage-based models, depending on application needs.
The framework is positioned for practical use cases such as digital memberships, AI tools, streaming services, e-commerce subscriptions, and local service billing. Users are intended to retain control over their subscriptions, including the ability to pause, modify, or cancel at any time.
Security is supported through automated smart contract execution, which reduces manual intervention. Transactions are recorded on-chain, improving transparency and making the system harder to manipulate, while also removing intermediaries from the payment flow.
In community commentary, a Pi Network account on 𝕏, FireSide, described the release as a transparency milestone. It said the smart contract code has been made publicly available on GitHub for testing and auditing.
FireSide also highlighted early technical progress, including a Pi Node-based RPC successfully connecting to smart contracts, suggesting deeper infrastructure integration.
Pi Network is currently trading around $0.16–$0.17, with a market capitalization of $1.7B+. Despite steady interest, the asset remains more than 90% below its all-time high of $2.98.
The outlook is described as mixed: retail engagement remains strong, but price movement is characterized as being driven largely by speculation rather than broad, scaled utility. Supply unlock pressure is also cited as a limiting factor on upside.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
