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      Binance Pay Integrates with PayPay to Allow USDT Spending in Japan

      Binance Pay has announced a new partnership with TBCASoft’s HIVEX network, enabling users to spend Tether (USDT) at PayPay merchants across Japan. This integration, revealed in early August 2026, allows approximately 48 million Binance Pay users to utilize the country's largest mobile payment network, facilitating cryptocurrency transactions at millions of locations without the need for merchants to make technical adjustments.

      The process works through a QR-code system that converts USDT to Japanese yen at the point of sale. When a user scans a QR code at a participating merchant, HIVEX processes the conversion, allowing merchants to receive yen while customers spend crypto. This system supports both customer-presented and merchant-presented QR codes, ensuring compatibility with existing PayPay transaction methods.

      Binance Pay is responsible for user-side compliance, including Know Your Customer (KYC) verification, while HIVEX and its local partners handle merchant-side regulatory requirements in accordance with Japanese law. This initiative builds on Binance's existing presence in Japan, where fiat deposit and withdrawal services have been available since 2025, enhancing the regulatory framework and technical infrastructure necessary for this new service. The rollout is set to begin in the third quarter of 2026, with the potential for expanding eligibility to a larger segment of Binance's global user base, which exceeds 300 million accounts.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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