PayPay, a subsidiary of SoftBank, integrates with Binance Japan to launch a new cryptocurrency payment channel

According to Cointelegraph, SoftBank's payment service PayPay announced its integration with Binance Japan to launch the PayPay Money electronic payment service.

Users can now directly use PayPay funds to purchase cryptocurrencies or withdraw crypto assets to their PayPay accounts. This marks Binance Japan's first expansion into payment methods beyond yen bank transfers since acquiring a 40% stake in PayPay in October. The trading threshold is as low as 1,000 yen (approximately $6.5), providing 24/7 service.

Additionally, PayPay is expected to go public in the U.S. in December, with a valuation likely to exceed 3 trillion yen ($20 billion).