🚀🚀 Apple Partnership Rumor Causes JASMY Altcoin to Surge by 20%
Speculation is rampant regarding the cryptocurrency JasmyCoin (#JASMY ), often dubbed the "Bitcoin of Japan," following a recent announcement from the Japanese Prime Minister's Office. Yesterday, news broke of a video conference between Prime Minister Kishida and Apple CEO Tim Cook, confirming the integration of Japan's My Number Card function into iPhones by next spring.
This announcement led to a 20% surge in $JASMY's market value within the last 24 hours, boosting its market capitalization to $1.4 billion and making it the 67th largest cryptocurrency by market cap. Additionally, the 24-hour trading volume of JasmyCoin skyrocketed by 400% to $570 million.
Despite the My Number Card system, Japan's personal identification framework, not being officially linked to JasmyCoin, rumors have persisted for months about a possible connection. While there is no official confirmation, investors are speculating on a potential partnership, influenced by Japan's digital strategy that encompasses Web3 technologies like blockchain and IoT—areas where JasmyCoin is a significant player.
Founded in 2016 by former Sony executive Kazumasa Sato, JasmyCoin aims to offer secure data processing and storage for IoT devices. The cryptocurrency is considered part of Japan's broader strategy to incorporate advanced technologies into everyday life, including the Metaverse and NFTs. Jasmy's mission is to democratize data through secure management and storage solutions, empowering individuals to control their personal information.
Speculation about JasmyCoin's involvement in the My Number Card system has been further fueled by an erroneous report on Binance Square suggesting direct integration of JasmyCoin with the card's functionality on iPhones.