Introducing Ionic 2 (Video 22)

The video tutorial introduces the concept of Angular pipes, focusing on how they can be used to modify and display data, such as currency symbols, within a template. It explains the process of creating a custom pipe to transform currency codes into symbols using data from the iTunes API. The tutorial also covers the implementation of pipes in Angular, including the use of decorators and the transform method. The course concludes with a practical demonstration of the pipe in action, showing how it can be used to display currency symbols dynamically based on user settings.

Describe the steps to create a new pipe in Angular as mentioned in the text.

What are the benefits of using pipes in Angular templates according to the provided text?