Reliance Jio Coin is a new cryptocurrency which is introduced by Reliance Jio with the partnership of Polygon Labs.
Reliance Jio, India's largest telecom operator, is reportedly planning to launch its own cryptocurrency, called the "Jio Coin." According to CoinDCX, a leading cryptocurrency exchange in India, Jio Coin will be integrated into several of Jio's digital services, such as payments, e-commerce, and data storage.
The report adds that the Jio Coin will be available for purchase on crypto exchanges in India and abroad. However, the price of the Jio Coin is yet to be officially announced.
As per the screenshots and posts being shared on social media platforms, users on JioSocial X noticed the integration of JioCoin into JioSphere on January 16. A user's post on the platform reads, "Finally JioCoin is live. Now waiting for the official announcement. Screenshot taken from JioSocial X at 11:08 PM."
Notably, Reliance Jio and Polygon Labs are yet to officially announce the launch of the Jio Coin. However, several users on social media platforms have noticed the integration of the cryptocurrency into Jio's services.
As per earlier reports, Jio Coin will be a semi-fungible token (SFT) on the Polygon blockchain. The tokens will be rewarded to users who browse the internet using the JioSphere browser.
Users will be able to collect these tokens in designated wallets and will not be able to redeem or transfer them yet. These coins will be available for purchase on cryptocurrency exchanges in India and abroad later on, the report adds.
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