Hello there this is Lucky Ali it seems like the reliance company wants to enter the crypto field and it has been seen in the last week. the owner of Reliance is a rich and popular personality and this can also change the government's perspective towards bitcoin and cryptocurrency that is why this news is very important also India has the largest crypto community. JioCoin can currently be seen as a utility token. The Reliance company has Not yet provided official information about it.
The recent announcement of a partnership with blockchain company Polygon Labs is very important to Jio Platforms, the digital arm of Mukesh Ambani-led Reliance Industries (RIL). Since then, 'JioCoin' has become a most discussed topic on different social media and news platforms, and users are sharing its screenshots.
Many excited Indian users have shared pictures of JioCoin on the X platform, although the reliance company has not made any official announcement about it so we can't confirm it. so there are Rumors about JioCoin being rife on the Internet and different platforms and it is being speculated that Reliance Industries and company is preparing to enter the world of cryptocurrency.
What is JioCoin?
Talking about the current situation of JioCoin then it can currently be seen as a utility token. No official announcement has been given by the reliance company regarding JioCoin yet. CEO of crypto education and news platform Bitinning Kashif Raza has speculated that in the near future, so-called JioCoin can be used for purchases or mobile recharge at Reliance petrol pumps.
What is the connection of JioCoin with Polygon Labs?
As I said, Jio Platforms, the digital arm of Reliance Industries, which operates Reliance Jio which is the country's largest telecom company, has partnered with popular blockchain and cryptocurrency company Polygon Labs. This particular partnership aims to add Web 3.0 capabilities to its existing services and applications. Through this big partnership, the Reliance industry will be able to use Polygon's blockchain solutions for more than 45 crore users around the globe.
Reliance uses Polygon's infrastructure and blockchain to enable its users to take advantage of this great technology which is the future in the financial sector and now everyone knows that technologies like crypto & blockchain and Artificial intelligence are changing the world. They can build apps using the Polygon blockchain as a backend, allowing users to take advantage of this technology. "JioCoin is also built on Polygon's blockchain.
Anyway, I want to know your opinions regarding this new development. I don't know if this is confirmed news or just rumors but so many big people are talking about this so we can say that something is cooking there. Anyway, I will update you when I get more information regarding this news please share this post on social media. Have a good day.
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |