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CEX Japan has reached a partnership with the cashless payment service provider PayPay, which has acquired a 40% stake in CEX Japan.
On October 9, CEX Japan signed a capital and business alliance protocol with PayPay. PayPay will acquire 40% of CEX Japan's shares. The announcement stated that through this cooperation, the two companies will leverage their respective strengths to jointly develop innovative services and promote technological cooperation connecting cashless payments and digital assets. As the first step of the cooperation, the two companies are considering the following collaborative measures: 1. Launching a feature in the CEX Japan app that allows users to purchase encryption assets using "PayPay Money" *2 2. Creating a system that allows users to choose "PayPay Money" as the withdrawal destination when selling encryption assets.