Apple‘s recent announcement about integrating Japan’s “My Number” ID card functionality into iPhones has sparked a wave of speculation and excitement. However, the boost in JasmyCoin’s price by 20% appears to be driven by misinformed investors rather than concrete developments. Some investors mistakenly linked the Apple initiative to JasmyCoin, causing a surge in trading activity.
Clarification on Apple’s Announcement
The actual announcement from Apple, verified by a Japanese government spokesperson, involves incorporating the “My Number” ID card into iPhones. This card consolidates various personal data, including tax and social security information, providing a unified digital identity for Japanese citizens and foreign nationals. Notably, no official statements from Apple, the Japanese government, or JasmyCoin confirm any collaboration involving the cryptocurrency.
JasmyCoin and Blockchain Speculation
JasmyCoin, an Ethereum-based ERC-20 token, focuses on privacy and data security. Its community speculated it might play a role in Japan’s digital ID card system. This speculation was fueled by a 2023 press release from Cyber Trust, a Japanese company, mentioning an “iTrust Authentication Service” using blockchain technology. However, this service is distinct from the government-led “My Number” initiative.
“My Number” cards, used for electronic identity verification, have been available on Android devices via the “Mynaportal” app since May of the previous year. Cyber Trust’s technology enables authentication through this app, but there is no indication that the iTrust service will be applied to iPhones.
Concrete Insights for Users
– The “My Number” feature will be integrated into iPhones, but without the iTrust Authentication Service.
– Users can use the “My Number” electronic ID certificate alongside the iTrust service.
– There is no confirmation of JasmyCoin’s involvement in the Apple integration.
Despite the lack of official confirmation, market enthusiasm remains high. JasmyCoin supporters on platforms like Reddit continue to express bullish sentiments, interpreting the integration of My Number into iPhones as a positive development, even without direct ties to JasmyCoin.
Currently, JasmyCoin leads the gainers on Binance, trading at $0.03.