Rumor Of Apple Partnership Sends Crypto Altcoin Soaring By 20%

A
whirlwind
of
speculation
is
currently
surrounding
the
crypto
asset
JasmyCoin
(JASMY),
colloquially
termed
the
“Bitcoin
of
Japan,”
following
a
recent
announcement
from
the
Prime
Minister’s
Office
of
Japan.
Yesterday,
it
was

disclosed
that
a
video
conference
between
Prime
Minister
Kishida
and
Apple
CEO
Tim
Cook
had
confirmed
the
integration
of
Japan’s
My
Number
Card
function
into
iPhones
by
next
spring.

Crypto
Investors
Speculate
On
Apple
Collaboration

The
news
has
sparked
a
significant
rally
for
JASMY,
leading
to
a
20%
increase
in
its
market
value
within
the
last
24
hours,
pushing
its
market
capitalization
to
$1.4
billion
and
ranking
it
the
67th
largest
cryptocurrency
by
market
cap.
The
altcoins’
24-hour
trading
volume
has
also
surged
by
400%
to
$570
million.

Related
Reading

While
the
My
Number
Card
system—a
personal
identification
framework
by
the
Japanese
government—is
not
officially
related
to
JasmyCoin,
rumors
have
circulated
regarding
a
potential
linkage
for
a
few
months.
Despite
no
formal
confirmation,
investors
are
seemingly
speculating
on
a
linkage,
influenced
by
the
broader
interpretation
of
Japan’s
digital
strategy,
which
includes
fostering

Web3
technologies
like
blockchain
and
IoT,
domains
where
JasmyCoin
is
a
significant
player.

JasmyCoin,
established
in
2016
by
former
Sony
executive
Kazumasa
Sato,
aims
to
provide
secure
data
transactions
and
storage
for
IoT
devices.
The
cryptocurrency
is
rumored
to
be
part
of
Japan’s
broader
approach
to
integrate
advanced
technologies
into
everyday
life,
including
the

Metaverse
and
NFTs.
“Jasmy’s
mission
is
to
facilitate
the
democratization
of
data
through
secure
management
and
storage
solutions,
allowing
individuals
to
retain
control
over
their
personal
information.

Speculation
about
JasmyCoin’s
involvement
with
the
My
Number
Card
system
seems
further
fueled
by
an
erroneous
report
shared
on
Binance
Square,
suggesting
a
direct
integration
of
JASMY
with
the
card’s
functionality
on
iPhones.
However,
this
claim
has
not
been
substantiated
by
any
official
sources.

Related
Reading

The
Japanese
government
has
been
a
proponent
of
adopting
Web3
innovations
as
a
strategy
for
economic
growth,
with
the
Prime
Minister
himself
emphasizing
the
importance
of
digital
transformations
in
recent
public
addresses.
The
optimistic
outlook
for

blockchain
technology
in
Japan
has
been
a
boon
for
JasmyCoin,
with
the
government’s
digital
policy
indirectly
benefiting
the
cryptocurrency.

The
recent
surge
in
JASMY’s
market
activity
demonstrates
the
volatile
nature
of
cryptocurrency
markets,
where
rumors
and
expectations
can
drive
significant
price
movements.
As
it
stands,
while
JasmyCoin
is
indirectly
aligned
with
Japan’s
digital
ambitions,
direct
partnerships
or
integrations
with
governmental
projects
like
the
My
Number
Card
have
not
been
officially
confirmed.

Since
February
19,
JASMY
has
rallied
by
approximately
380%.
However,
the
altcoin
is
still
down
more
than
91%
from
its
all-time
high
of
$0.35
in
October
2021.
At
press
time,
JASMY
traded
at
$0.03068.

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