SoftBank’s PayPay Acquires 40% Stake in Binance Japan for Crypto Integration
- PayPay, a major digital payment app in Japan, acquired a 40% stake in Binance Japan.
- The partnership aims to integrate PayPay's 70 million users and merchant network with Binance's blockchain infrastructure.
- Integration involves PayPay Money, allowing users to buy crypto and withdraw funds through the digital wallet.
- The companies plan to co-develop products for seamless buying, selling, and storing of digital assets.
- This partnership is positioned as a step towards enhancing digital finance in Japan.
- Japan is seeing increased cryptocurrency adoption; Metaplanet holds 30,823 BTC.
- Startup JPYC plans to issue a yen-pegged stablecoin this year.
