[PayPay Submits U.S. IPO Application After Acquiring 40% Stake in Binance Japan] BlockBeats News, February 12: Japanese digital financial platform PayPay has submitted an IPO application in the United States. According to previous reports, in October last year, PayPay (a subsidiary of SoftBank Group) acquired a 40% stake in Binance Japan, forming a strategic alliance between the two parties. As Japan's leading cashless payment provider, PayPay, with over 70 million users, will collaborate with Binance's Japanese subsidiary, the world's largest cryptocurrency exchange platform, to jointly promote the adoption of Web3 and digital assets in Japan. The initial phase of the collaboration will enable Binance Japan users to purchase cryptocurrencies using PayPay Money and withdraw funds directly.