Binance Pay Launches USDT Payments for Visitors in Japan
- Starting Wednesday, eligible overseas users can spend Tether USDt (USDT) at most PayPay-supported merchants in Japan.
- The service operates through HIVEX, an interoperability framework connecting international QR payment services to local merchants.
- Merchants will continue receiving settlements in yen and do not need to opt-in separately.
- PayPay is widely accepted across millions of locations, including major chains and public transport.
- Japan welcomed a record 42.7 million international visitors in the previous year, ranking ninth globally.
This new feature enhances the cashless experience for tourists using cryptocurrencies in Japan, which has seen a slight decline in visitor arrivals this year compared to last year.
With the launch of Binance Pay, visitors can now utilize USDT at various merchants, contributing to the growing acceptance of digital currencies in mainstream retail environments.(Source)
