Jasmy and Aplix Form Business Alliance to Expand Stablecoin Operations

Explore the strategic alliance of Jasmy and Aplix, as they unveil plans for stablecoin business using blockchain.

Learn about their innovative approach to revolutionize digital payments and the benefits of this collaboration in enhancing their technological prowess.

Jasmy's Partnership with Aplix for Advanced Stablecoin Solutions

Jasmy Corporation, known for issuing JasmyCoin (JMY), announced on December 4, 2023, a business alliance with Aplix Corporation, a company with technology capable of one-stop development from embedded & edge to cloud.

This partnership aims to mutually expand their business operations.

Although Jasmy and Aplix have previously collaborated on research and development and pilot experiments, this new agreement signifies a more profound commitment to jointly expand their businesses and promote cooperation in a wide range of fields.

Key Elements of the Jasmy-Aplix Business Collaboration

The partnership agreement includes the following four points, with a focus on utilizing Jasmy's community platform, which facilitates regional currency and point-based electronic payment systems, to explore stablecoin initiatives treated as "third-party prepayment instruments":

1. Collaboration related to prepayment instruments.
2. Development of next-generation embedded devices and new solutions.
3. Development support from Aplix to Jasmy (including authentication solutions).
4. Utilization of Aplix's multi-cloud storage service, "Neutrix Cloud".

Future directions and specifics of the alliance will be discussed and decided upon by both companies, with the aim of expanding collaboration in various fields to further enhance their business growth.

Exploring the Stablecoin Business with Aplix and Jasmy

In the announcement, Aplix provided an overview of the "blockchain-based third-party prepayment stablecoin business."

According to Aplix, the initiation of the stablecoin business is contingent upon their registration as a third-party issuer of prepayment instruments with the Kanto Financial Bureau, which they plan to apply for on December 5, 2023.

The registration is expected to be completed around May to June 2024, with the business launch anticipated in July 2024.

Jasmy is slated to use its upcoming payment processing system for the operation, while Aplix will manage tasks related to electronic payment businesses, including handling claims and payments from affiliated stores, offering prepayment instruments to users, and handling inquiries and promotional activities.

The collaboration on this new venture was proposed by Jasmy, and Aplix decided to proceed, considering the following advantages:

• By utilizing Jasmy's payment system, Aplix can start new businesses without the need for additional system investment, thus reducing business risks.
• The partnership allows for a stable revenue model that grows with the increase in the number of affiliated stores and users.
• Possibilities include providing community revitalization services using the location beacon "MyBeacon Series."
• Potential synergies with existing businesses, such as applying the payment system to individual communication services and issuing points.

In recent times, there has been an increase in announcements related to Jasmy, including last month's release of a new medical-related project using JasmyCoin (JMY) and a call for participants in launching a carbon credit exchange.