PayPay | Crypto

Binance Pay will let overseas users spend USDT at most PayPay-supported merchants in Japan through HIVEX, while stores receive yen. Binance Pay will allow eligible overseas users visiting Japan to spend Tether USDt (USDT) at the vast majority of PayPay-supported merchants starting Wednesday. The service will run through HIVEX, a payment interoperability framework that connects overseas QR payment services to PayPay-supported merchants in Japan. Merchants will continue receiving settlement in yen. Binance told Cointelegraph it is the first crypto payment service to access PayPay-supported merchants through HIVEX. Merchants will not need to opt in separately, it said. Read more

Operated by SoftBank, the backer of one of the world’s top 10 public Bitcoin holders, PayPay is integrating with Binance Japan ahead of its expected US IPO in December. PayPay, a payment service operated by the Japanese investment holding company SoftBank Group, is integrating new payment rails on Binance Japan following its investment in the platform. Binance Japan and PayPay have launched a new integration service with PayPay Money, an electronic money service that allows peer-to-peer transactions between PayPay users free of charge. With the integration, Binance Japan users can now purchase crypto assets using PayPay Money funds, as well as withdraw their crypto holdings directly to PayPay Money. Read more