Binance Pay will let overseas users spend USDT at most PayPay-supported merchants in Japan through HIVEX, while stores receive yen.
Binance Pay will allow eligible overseas users visiting Japan to spend Tether USDt (USDT) at the vast majority of PayPay-supported merchants starting Wednesday.
The service will run through HIVEX, a payment interoperability framework that connects overseas QR payment services to PayPay-supported merchants in Japan. Merchants will continue receiving settlement in yen.
Binance told Cointelegraph it is the first crypto payment service to access PayPay-supported merchants through HIVEX. Merchants will not need to opt in separately, it said.
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