#### What is Pi Protocol? Pi [Protocol](https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol) (PIP) is a payment layer of [Web3](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/web3) that aims to provide innovative solutions for the growing ecosystem of [cryptocurrency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency), with a particular focus on micropayments. PIP's infrastructure is designed to make it easy for people to use crypto in their daily lives. Launched in February 2022, PIP offers four payment services: Social payments, Web3 identity, Payment buttons, and Payment links. All of PIP's products are built on the open and permissionless nature of cryptocurrency, allowing anyone to send and receive money globally without limitations. #### How does Pi Protocol work? PIP operates through a browser extension that allows for payments on various platforms through PIP Tags. These tags utilize a user-friendly version of a cryptocurrency address, which can replace the long [wallet](https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet) address when sending and receiving funds. PIP also offers a no-code payment button that can be embedded into any website, allowing for easy integration of crypto payments into any online store. Additionally, PIP.ME is a customizable link in bio, designed for crypto payments, and PIP Payment links allow users to send payments through any form of communication. #### What are the potential use cases for Pi Protocol? PIP aims to make cryptocurrency payments as easy and convenient as possible for anyone on the internet. It can be particularly useful for influencers and content creators who want to monetize their work, as well as businesses that want to provide a seamless payment experience for their customers. PIP's services can be used to send and receive payments on popular websites and platforms, integrate crypto payments into any website or online store, and create a simple and easy-to-use link for receiving payments in a variety of cryptocurrencies. #### What is the history of Pi Protocol? PIP was launched in February 2022 and has been funded by top-tier companies like Coinbase, Galaxy Digital, CMS, and incubated by Binance Labs. Since its launch, PIP has been striving to bridge the gap between the traditional web (Web2) and the decentralized web (Web3) by providing user-friendly products that allow anyone to send, receive, and earn digital currencies on popular websites and platforms. PIP's mission is to shape the future of payments by providing innovative solutions for the growing ecosystem of crypto, with a focus on micropayments.