Crypto Altcoin Rises 20% on Apple Partnership Rumor
After a recent statement by the Prime Minister's Office of Japan, JasmyCoin (JASMY), the “Bitcoin of Japan,” is causing a frenzy of conjecture. In a video call with Prime Minister Kishida and Apple CEO Tim Cook yesterday, Japan's My Number Card capability was confirmed for iPhones by next spring.
Crypto Investors Expect Apple Partnership
The revelation has caused JASMY's market value to rise 20% in 24 hours, making it the 67th biggest cryptocurrency by market cap. Altcoin 24-hour trading volume has increased 400% to $570 million.
Despite months of speculations, JasmyCoin and the Japanese government's My Number Card scheme are not formally linked. Investors are betting on a connection based on Japan's digital strategy, which promotes Web3 technologies like blockchain and IoT, where JasmyCoin is a major participant.
Kazumasa Sato, a former Sony executive, founded JasmyCoin in 2016 to protect IoT data transfers and storage. The coin may be part of Japan's Metaverse and NFTs-focused strategy to integrating modern technology into daily life. Jason's objective is to democratize data via safe management and storage solutions, enabling everyone to own their personal data.
An incorrect Binance Square article suggests JASMY's direct connection with iPhone's My Number Card capability, fueling speculation over JasmyCoin's participation. No authoritative sources support this allegation.
In recent public speeches, the Japanese Prime Minister has stressed the significance of digital changes and Web3 advances for economic development. The Japanese government's digital agenda indirectly benefits JasmyCoin due to its bullish view for blockchain technology.
JASMY's recent market action shows how fickle cryptocurrency markets are, where rumors and expectations may cause price changes. Although JasmyCoin indirectly supports Japan's digital goals, direct agreements or connections with government programs like the My Number Card have not been verified.
