JasmyCoin Jumps as Rumors of ‘Indirect’ Apple Partnership Swirl

JasmyCoin Soars on Speculation of ‘Indirect’ Partnership with Apple

In recent days, JasmyCoin ($JASMY), the native token of Japanese startup JasmyCoin, has seen a dramatic rise in value. This surge was driven by rumors of a potential partnership with tech giant Apple. Crypto influencers and various media outlets quickly disseminated the story, though many details were exaggerated or misleading. Nonetheless, the speculation around a possible collaboration has excited the market, driving the token’s price upward.

The Rumor Mill Spins

The buzz began following a Reuters report stating that Apple plans to integrate Japan’s “My Number” ID card into the iPhone, as confirmed by Japanese officials. The “My Number” card consolidates an individual’s tax and social security information, enhancing administrative efficiency. This announcement came after a video conference between Japan’s Prime Minister and Apple CEO Tim Cook.

JasmyCoin’s technology has been integrated into the “My Number” ID card to bolster its security and transparency through blockchain technology. This led to speculation that JasmyCoin’s technology might also be integrated into the iPhone’s feature set, sparking rumors of a significant connection between JasmyCoin and Apple. This scenario is a classic case of the “broken telephone” effect, where information gets distorted as it spreads.

Market Reaction

While there is no direct partnership between JasmyCoin and Apple, the rumors alone were enough to drive $JASMY’s price higher. One Telegram user aptly described the situation as “the most direct indirect partnership I’ve ever seen,” capturing the essence of the market’s reaction.

About JasmyCoin

JasmyCoin positions itself as a blockchain and IoT (Internet of Things) company focused on data storage and management. According to its official website and whitepaper, the company aims to foster a “Data Democracy,” a decentralized world where individuals own and control their data. Users of the Jasmy platform maintain their data in “digital lockers” within distributed storage, ensuring complete control over their data’s usage and duration.

The project is led by former Sony executives, leveraging their extensive connections in Asia, particularly Japan, to drive collaboration. For instance, in March, Jasmy announced a partnership with Panasonic to launch a Web3 IoT Platform. Additionally, Jasmy’s CFO shared on X (formerly Twitter) that they expect to have their decentralized personal data platform operational within the next three to six months, marking a key focus of this year’s roadmap.

Volatility and Risks

Despite these exciting developments and the so-called “indirect” partnerships, it’s important to note that $JASMY is currently listed in Binance’s monitoring zone. This status indicates heightened volatility and risk, meaning the token is under close observation for potential delisting if it fails to meet ongoing listing criteria.

So, while $JASMY holders are optimistic about a potential collaboration with Apple, they must also be aware of the risks, including the possibility of being delisted from Binance.

For those closely following JasmyCoin, the recent surge in value underscores the power of market speculation and the critical importance of verifying information before making investment decisions.

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