New Delhi. Mukesh Ambani may soon enter the crypto currency business also. Ambani’s company Reliance Industries Limited (RIL) is going to launch its own Jio Coin. Although no official information has been provided by the company in this regard yet, Bitning CEO Kashif Raza has shared information in this regard through his social media post. Let us tell you what Jio Coin is, how it is used, at which places it can be used and what will be its benefits.
🇮🇳Big Breaking News:- Jiocoin Launched On Polygon.
Reliance Jio, the world’s largest mobile operator, has just surprised the crypto world by officially launching Jiocoins!
What are Jiocoins?
Jiocoins are digital tokens issued on Polygon.Jiocoins is a mechanism to reward… pic.twitter.com/MNRb5HGa08
— Kashif Raza (@simplykashif) January 16, 2025
Jio is going to launch Jio Coin in collaboration with internet technology company Polygon Labs. Jio users are going to benefit a lot through Jia Coin. Users will be able to use this crypto currency through Jio’s apps. Users will be able to use Jio Coin to recharge their mobile or shop at Reliance gas stations. The more active users are on Jio apps, the more Jio Coins they will be able to earn. Jio Coins of users will continue to be deposited in the Web 3 wallet. Through these coins, Jio users will be able to get many benefits like discounts on various services of Jio.
New technologies such as blockchain, smart contracts, digital assets and tokens including cryptocurrencies, central bank digital currencies (CBDCs) and NFTs support Web 3. Polygon Protocols is the developer arm for Web3 and Blockchain debut in India. Ambani has made a deal with Polygon for Jio Coin. Jio users will get a different kind of experience with Jio Coin. According to BitInning CEO Kashif Raza, if the launch of Jio Coin is successful, the perceived utility of the blockchain and hence Polygon’s market cap could increase. More projects and tokens on Polygon could increase the demand for POL, which is used for staking, transaction fees within the Polygon network.
