Today, Binance's subsidiary Binance Japan announced a capital business collaboration with PayPay, a financial services provider under the SoftBank Group, in which PayPay will acquire 40% of Binance Japan's shares.

Through this collaboration, both parties will jointly develop innovative product services and promote the integration of cashless payments with digital asset technology. As an initial measure, the two will explore supporting the use of 'PayPay Money' to purchase cryptocurrencies in the Binance Japan app, allowing Binance Japan users to choose 'PayPay Money' as a withdrawal option when selling digital assets.

PayPay is Japan's leading cashless payment service provider, with over 70 million users. This strategic alliance aims to combine PayPay's large user base and trusted payment infrastructure with Binance's global blockchain expertise to enhance everyday user engagement with Web3 and digital assets #BNB创新高 $BNB