Softbank | Crypto

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

SoftBank and Ark Invest have entered early discussions to participate in Tether’s largest external capital raise, according to a Sept. 26 Bloomberg News report. The stablecoin issuer seeks between $15 billion and $20 billion in exchange for approximately 3% equity through a private placement. The fundraising could value Tether at $500 billion, positioning it among the […] The post SoftBank and Ark Invest reportedly join Tether’s $20 billion funding round appeared first on CryptoSlate.