Reliance Industries ventures into cryptocurrency with JioCoin

Explore how Reliance Industries is entering the crypto space with JioCoin, a blockchain-based reward token powered by Polygon Labs.

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Reliance Industries launches JioCoin

Mukesh Ambani’s Reliance Industries steps into the cryptocurrency space with JioCoin.

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JioCoin appears on JioSphere

JioCoins were first noticed on the JioSphere browser, available for Android and iOS users.

Blockchain-based reward tokens

JioCoins are blockchain-based rewards earned through Jio apps like MyJio and JioCinema.

Image source: By Prime Minister's Office (GODL-India), GODL-India, https://commons.wikimedia.org

Powered by Polygon Labs

JioCoins are stored in a Polygon Labs-powered wallet built on Ethereum Layer 2.

Image source: Polygon Studios, CC0, via Wikimedia Commons

How to earn JioCoins

Customers can earn JioCoins by surfing the internet using the JioSphere web browser.

Native wallet integration

JioSphere offers a native wallet powered by Polygon Labs PoS for storing JioCoins.

Image source: DeFi wallet is licensed under CC BY-ND 4.0.

Potential use of JioCoins

JioCoins may be used for Jio services like mobile recharges or digital service incentives.

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JioCoin’s blockchain collaboration

Jio Platforms and Polygon Labs are rolling out blockchain-based applications for Jio users.

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Focus on Web3 applications

Reliance’s digital offerings aim to integrate blockchain and Web3 technologies with JioCoin.

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JioCoin: A new era in digital currency

JioCoin sets the stage for India’s growing crypto ecosystem under Reliance’s leadership.

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