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Binance Japan, the local arm of global crypto exchange Binance, has entered a major capital and business alliance with PayPay Corporation, one of Japan’s largest digital payment providers.
As part of the deal, PayPay acquired a 40% equity stake in Binance Japan, signaling a powerful convergence between blockchain and digital payments in the country.
According to a statement shared with The Block, the collaboration aims to merge PayPay’s 70 million-user payment network with Binance’s blockchain technology to create a seamless bridge between crypto assets and fiat payments. The partnership seeks to make it easier for Japanese consumers to integrate cryptocurrencies into their everyday financial activities.
Bridging Cashless Payments and Crypto Adoption
PayPay, a SoftBank Group subsidiary, is already a dominant player in Japan’s cashless payments sector. Together with Binance, the companies plan to co-develop financial products that blend crypto and traditional payment systems, offering users faster, more efficient transaction options.
Early initiatives include allowing Binance Japan customers to buy cryptocurrencies directly with “PayPay Money” via the Binance Japan app, and to use the same service for withdrawals when selling crypto assets.
This partnership highlights Japan’s accelerating embrace of regulated crypto innovation – combining Binance’s blockchain expertise with PayPay’s massive consumer reach to advance the country’s digital economy.
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