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PayPay acquires 40% stake in Binance Japan

PayPay, a SoftBank Corp group company, has acquired a 40% stake in Binance Japan.

This new payment method will allow users to use PayPay Money to purchase and cash-out virtual assets.

The move seems to be part of an overall streamlining of operations at Yahoo Japan led by Softbank, which owns a 45% stake in the business.