SoftBank's PayPay Acquires 40% Stake in Binance Japan to Integrate Cryptocurrency with Cashless Payments

SoftBank Group's PayPay, one of Japan's leading digital payment platforms, has secured a 40% ownership stake in Binance Japan through a strategic partnership designed to merge cashless payment systems with cryptocurrency accessibility. This collaboration connects PayPay's extensive network of 70 million users and merchant partners with Binance's advanced blockchain technology, enabling integration of PayPay Money digital wallet into Binance Japan's ecosystem for crypto purchases and fund withdrawals. The companies will jointly develop innovative solutions allowing seamless buying, selling, and storage of digital assets. "This strategic alliance marks a crucial advancement in Japan's digital finance evolution," stated Takeshi Chino, General Manager of Binance Japan. "Leveraging PayPay's massive user base with Binance's cutting-edge technology will enhance Web3 accessibility nationwide while providing secure digital asset services." The partnership emerges as Japan accelerates cryptocurrency adoption, with multiple publicly-traded companies establishing bitcoin treasuries. Metaplanet currently holds 30,823 BTC, while Japanese startup JPYC prepares to launch the country's first yen-pegged stablecoin this year.