SoftBank PayPay partners with Binance to launch payment account cryptocurrency purchase service

ChainCatcher news, according to Jinshi reports, SoftBank Group's digital payment provider PayPay has acquired a 40% stake in Binance's Japanese subsidiary, aiming to leverage Japan's booming cryptocurrency market. The two companies plan to launch a service that allows users to purchase cryptocurrencies on Binance through their PayPay accounts. In the first seven months of this year, the value of cryptocurrency transactions in Japan has doubled, reaching 33.7 trillion yen (approximately 23 billion USD).