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$JASMY #JASMY's Japanese Yen to US Dollar (JPYD) will be able to be directly exchanged for fiat Japanese Yen through ATM machines, as it was originally designed as a regulated prepaid payment method in Japan. This will greatly simplify the cash withdrawal process, whereas the current system requires executing many complex steps, which are often difficult for non-professionals to operate.
In the system currently being developed by Aplix in collaboration with Jasmy, Japanese citizens will be able to use bank cards or traditional ATMs to top up their digital balances. Once the top-up is completed, the funds will be converted into a prepaid payment tool, ultimately exchanged for Japanese yen. DD coin and Jasmy coin can also be exchanged for Japanese yen.
When users wish to withdraw Japanese yen cash, Aplix will be able to provide this conversion function through the ATM network or affiliated service counters, as stated in the official announcement. The system will automatically verify the user's identity, available balance, and the equivalent fiat currency. Then, the ATM will dispense Japanese yen notes and deduct the equivalent amount of yen in USD from the user's wallet, with instant conversion facilitated by the Jasmy system.
Of course, the ATM must be connected to a licensed financial institution authorized to process cryptocurrency and fiat exchanges. This is also outlined in Jasmy's roadmap, as Jasmy plans to establish partnerships with Japanese banks. $JASMY