PayPay acquires 40% stake in Binance Suzy Japan to collaborate on cryptocurrency and digital payments

Digital payment platform PayPay has announced that it has signed a memorandum of understanding with Binance, the Japanese subsidiary of global cryptocurrency exchange Binance.
The company acquired a 40% stake in Japan and formed a strategic partnership to link digital payments with crypto assets.
PayPay announced the partnership in a press release on the 9th (local time), saying, "This partnership will enable PayPay's 70 million user payment network to
"The aim is to combine the blockchain technology of Binance and Ethereum to provide users with a smoother experience between fiat currency and cryptocurrency trading," the company said.
PayPay is a subsidiary of the SoftBank Group and is one of the largest digital cashless payment services in Japan. The two companies are jointly developing products and services that integrate their technologies.
As part of this plan, users will be able to purchase crypto assets directly with "PayPay Money" within the Binance Japan app, and will also be able to withdraw crypto assets when selling them.
We plan to provide a function that allows you to select as.