Bitcoin
Apple Partnership Rumor Causes Crypto Altcoin to Rise 20%

A whirlwind of speculation is currently surrounding the crypto asset JasmyCoin (JASMY), colloquially referred to as “Japan’s Bitcoin,” following a recent announcement from Japan’s Prime Minister’s Office. Yesterday, it was released that a video conference between Prime Minister Kishida and Apple CEO Tim Cook confirmed the integration of Japan’s My Number Card function into iPhones next spring.
Crypto Investors Speculate on Collaboration with Apple
The news sparked a significant rally for JASMY, leading to a 20% increase in its market cap in the last 24 hours, bringing its market capitalization to $1.4 billion and ranking it as the 67th largest cryptocurrency by value. Marketplace. The 24-hour trading volume of altcoins also increased by 400% to $570 million.
Although the My Number Card system – a Japanese government personal identification framework – is not officially related to JasmyCoin, rumors have circulated about a possible link for a few months. Although there is no formal confirmation, investors appear to be speculating about a link, influenced by the broader interpretation of Japan’s digital strategy, which includes promoting Web3 Technologies such as blockchain and IoT, domains where JasmyCoin is a significant player.
JasmyCoin, founded in 2016 by former Sony executive Kazumasa Sato, aims to provide secure transactions and data storage for IoT devices. Cryptocurrency is rumored to be part of Japan’s broader approach to integrating 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, enabling individuals to maintain control over their personal information.
Speculation about JasmyCoin’s involvement with the My Number Card system appears to be further fueled by an erroneous report shared on Binance Square suggesting a direct integration of JASMY with card functionality on iPhones. However, this claim has not been substantiated by any official source.
The Japanese government has been an advocate of adopting Web3 innovations as a strategy for economic growth, with the Prime Minister himself emphasizing the importance of digital transformations in recent public speeches. 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 increase in JASMY market activity demonstrates the volatile nature of cryptocurrency markets, where rumors and expectations can drive significant price movements. As it stands, although JasmyCoin is indirectly aligned with Japan’s digital ambitions, direct partnerships or integrations with government projects like My Number Card have not been officially confirmed.
Since February 19, JASMY has risen approximately 380%. However, the altcoin is still down over 91% from its all-time high of $0.35 in October 2021. At press time, JASMY traded at $0.03068.
Featured image created with DALL·E, chart from TradingView.com