BlockBeats News, October 9th, Binance Japan has signed a capital and business alliance agreement with PayPay. PayPay will acquire a 40% stake in Binance Japan.
The announcement stated that through this partnership, the two companies will leverage their respective strengths, jointly develop innovative services, and promote the integration of cashless payments and digital assets through technical cooperation. As a first step in the collaboration, the two companies are considering the following cooperation measures:
1. Launching a feature in the Binance Japan application that allows users to purchase cryptographic assets using “PayPay Money”*2
2. Creating a system that allows users to select “PayPay Money” as the withdrawal destination when selling cryptographic assets
