Binance Japan, a subsidiary of Binance, the world's leading blockchain ecosystem by trading volume, announced that it has entered into a capital and business alliance with PayPay Corporation ("PayPay"), a SoftBank Corp. group company and one of Japan's leading financial services providers, best known for its "PayPay" cashless payment service with over 70 million users. As part of the  agreement, PayPay has acquired a 40% equity stake in Binance Japan. This strategic alliance brings together PayPay's extensive user base and expertise in building Japan's leading cashless payment infrastructure with Binance's innovative blockchain technology and global leadership in digital assets. Together, the two companies aim to deliver a seamless financial experience for users in Japan by connecting cashless payments and digital assets.

Through this partnership, both companies will leverage their complementary strengths to co-develop innovative products and services, and collaborate on advancing technology integration that bridges cashless payments and digital assets.  As an initial step, the collaboration will explore initiatives such as:

1. Enabling crypto purchases within the Binance Japan app using "PayPay Money"
   
   
2. Allowing Binance Japan users to select "PayPay Money" as a withdrawal option when selling crypto assets

Binance Japan is dedicated to providing a secure and reliable trading environment leveraging Binance's global expertise and innovative blockchain technology. Through this alliance, Binance Japan aims to unlock new possibilities by connecting cashless payments with digital assets, driving further innovation in Japan's digital financial market.