SoftBank’s PayPay takes 40% stake in Binance Japan to expand crypto push

[Coin on CPU background. data and innovation cryptocurrency technology, Crypto payments.]

* Binance Japan has formed a capital and business alliance with PayPay, a SoftBank (OTCPK:SFTBY [https://seekingalpha.com/symbol/SFTBY]) group company, with PayPay acquiring a 40% equity stake in the crypto exchange’s Japanese unit.
* Together, the two companies aim to deliver a seamless financial experience for users in Japan by connecting cashless payments and digital assets.
* "This strategic alliance represents a significant step toward the future of digital finance in Japan," said Takeshi Chino, General Manager for Binance Japan.
* "By combining PayPay's extensive user scale with Binance's innovative technology, we will be able to make Web3 more accessible to people across the country and deliver secure, seamless digital assets services."

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