Binance Pay lets visitors spend USDT at PayPay merchants in Japan
Binance Pay said eligible overseas users can spend USDT at PayPay-supported merchants in Japan through HIVEX, with merchants settling in yen. The rollout was described as reaching millions of merchant locations and approximately 48 million eligible Binance Pay users, and one item dated the announcement to Sept. 30.
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What it means
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Shoppers who already use Binance Pay abroad are the ones who would notice this first, because the service is being opened at PayPay-supported merchants in Japan and the transaction is described as USDT spending with merchants receiving yen. That means the change shows up at checkout rather than as a visible change in how the stores are paid.
In practice, the payment path now runs through HIVEX for eligible overseas users at PayPay-supported merchants, instead of leaving the payment experience limited to ordinary cash or card use in those locations. The merchant side is described as staying in yen, so the change is in the customer payment rail rather than the store's settlement currency.
Market reaction
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Cointelegraph
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Crypto Briefing
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Bitcoinist
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Has this happened before?
Nothing comparable yet.