Reliance Jio, the leading telecom company in India, has taken a bold step by entering the blockchain and cryptocurrency space with its new product, Jio Coin. Reliance Jio and Polygon Labs want to revolutionize India’s digital economy with Jio Coin, a reward-based token system. Users can earn tokens by using the JioSphere browser to surf the internet; it is still in beta testing. Accessing exclusive services, making purchases at Reliance outlets, and paying for cell recharges are just a few of the. A Polygon wallet is where they are stored.
It’s important to keep in mind that anyone who wants to buy Jio Coins cannot do so directly at this time. Instead, users can earn them with the JioSphere browser. In order to start earning Jio Coins, download the JioSphere browser (which works with iOS and Android smartphones), register with a Jio number, and begin browsing. As the project develops, Jio Coins should be able to be redeemed and transferred, possibly through the MyJio app or other platforms.
Even popular cryptocurrency exchanges like Koinex and Zebpay allow them to be traded. The official price of Jio Coin has not yet been revealed, although speculation is that it would sell for roughly $0.5 (₹43.30) per token. Its value could rise as it becomes more integrated with Jio’s services, such as JioMart and Reliance gas stations. The potential uses of Jio Coin go beyond bitcoin transactions and are intended to encompass a wide range of Jio network services, such as fuel purchases, shopping discounts, mobile recharge and access to premium services
