Binance Japan Partners with PayPay to Bridge Cashless Payments and Crypto

The post Binance Japan Partners with PayPay to Bridge Cashless Payments and Crypto appeared first on Coinpedia Fintech News

Japan’s crypto market is picking up speed, with innovative collaborations emerging to make digital finance more accessible for everyday users. This momentum is creating opportunities to simplify access to digital assets and Web3 services, positioning Japan as a key hub for financial innovation.

Now, a major partnership has got everyone buzzing. Could this bring crypto and everyday payments closer than ever before?

Binance Japan Co., Ltd. (Binance Japan), the Japanese arm of Binance has announced a major partnership with PayPay Corporation (PayPay), a cashless payment service in Japan.

Under this agreement, PayPay has acquired a 40% ownership stake in Binance Japan. Both companies will work closely together on technology integration that links cashless payments with digital assets. 

As an initial step, they are introducing the purchase of crypto assets using “PayPay Money” directly through the Binance Japan app. They are also considering the development of a system that allows users to select “PayPay Money” as a withdrawal destination when selling crypto assets.

Binance founder CZ shared the announcement on X. 

Softbank & PayPay invests 40% in Binance Japanhttps://t.co/To6pnzeTfm