SoftBank’s PayPay Launches Crypto Payments For Binance Japan

SoftBank's PayPay has announced an integration with Binance Japan, allowing users to purchase cryptocurrencies using PayPay Money, a service that facilitates peer-to-peer transactions among users without charge. This new feature represents Binance Japan's first move beyond traditional bank transfers in yen. Users can execute deposits and withdrawals with minimal fees; while deposits are free, withdrawals will incur a charge of 110 yen. Daily deposit limits are set at 1 million yen, with a monthly cap of 2 million yen. Users must verify their identities on both apps to link their accounts. This initiative precedes SoftBank's expected US IPO in December, with a projected valuation of over 3 trillion yen. SoftBank has also been actively investing in the crypto sector, holding a significant amount of Bitcoin through its backed entity, Twenty One Capital.

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