- PayPay (SoftBank’s app) now lets you buy/sell crypto on Binance Japan straight from your phone balance.
- One tap moves, starts at just $6.50, 24/7 no more slow bank wires.
- SoftBank’s going all in on crypto right before PayPay’s huge US IPO next month.
Binance Japan just got a lot friendlier for everyday users. PayPay, the huge mobile payment app run by SoftBank, now lets people buy and sell crypto on Binance Japan straight from their PayPay Money balance. It’s the first time Binance Japan offers anything besides plain old bank transfers in yen.
You can move money in and out with one tap once you link the two apps and finish KYC on both. Deposits are free right now, withdrawals cost a flat 110 yen (about 60 cents), and the limits are 1 million yen a day or 2 million yen a month. Even tiny amounts from 1,000 yen (around $6.50) work, and it’s 24/7.
SoftBank Keeps Going Big on Crypto
This hookup comes right after PayPay bought a 40% stake in Binance Japan back in October. SoftBank already backs Twenty One Capital, one of the top 10 public companies holding Bitcoin with about 43,500 BTC worth $3.7 billion. Clearly, Masayoshi Son’s crew is all in on crypto.
The timing feels perfect. PayPay is gearing up for a possible US IPO as soon as December, with whispers of a valuation over $20 billion. Letting millions of PayPay users jump into crypto with pocket change could be a sweet growth move just before ringing the Nasdaq bell. For Japanese traders, crypto just got as easy as buying coffee.
