Japan’s largest mobile payments platform PayPay has acquired a 40% stake in Binance Japan to jointly develop integrated digital asset services and improve access to Web3 finance across the country.
PayPay, which is a SoftBank Corp. group company with over 70 million users, has entered into a capital and business alliance that hopes to leverage PayPay’s extensive user base and expertise, and Binance’s blockchain technology to advance the integration of cashless payments with digital assets, an Oct. 9 announcement from Binance said.
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