Hello Guys, We are here with another awesome news regarding Jio. Recently, Jio Going to Launch Jio’s Own Cryptocurrency JioCoin in Future soon. As we already know that, lots of Cryptocurrency already launched Around in the world after bitcoin. Bitcoin is currently one of the most popular Cryptocurrency in the world. So, Jio also going to launch their own Cryptocurrency Named JioCoin.
JioCoin: Jio’s Own Cryptocurrency Coming Soon!
According to Report, Reliance Jio Going planning to build out a dedicated 50-member team of young professional, who’ll work on exploring blockchain technology. Although is not fully confirmed by Reliance and Jio as of now. If JioCoin launched, am sure it will be fully legal in india.
Akash Ambani, son of Mukesh Ambani will lead the charge here, as he is expected to head the JioCoin project under Reliance Jio.
A Person Familier with this Project Development said:
“The company plans to hire 50 young professionals with an average age of 25 years for Akash Ambani to lead. There are multiple applications of blockchain (for the company). The team would work on various blockchain products.”
It’s really very interesting as blockchain, the driving force behind cryptocurrencies such as bitcoins, ripple etc. have found inroads into some of the most crucial operations inside India.
Reliance jio Entry in Blockchain, and creating their own cryptocurrency can actually shift the equilibrium and create a new progress in growth.
JioCoin Some Important Reasons:
Cryptocurrency Can Get Legal Status
If reliance going to launched JioCoin in india then we sure that it would be fully legal in india. But We are still not sure about that.as RBI and Ministry of Finance have been issuing warnings against its usage, even as the market cap of bitcoins alone is worth more than $600 billion.
Some experts said that if JioCoin launched then it would be legal in india.
If its happen then investment and trading into cryptocurrency can change the world.
Blockchain Tech Will Get a Power Boost
The purpose of Launching Jiocoin cryptocurrency is business operations without any hassles.
just imagine, if Indian Bank & insurance companies uses jiocoin for their major operations. Then all reliance industries uses jiocoin for their Major operations.
A person who is aware of the developments said
“One (application) is cryptocurrency. We can deploy smart contracts. It can be used in supply chain management logistics. Loyalty points could altogether be based on JioCoin,
Overall, the usage of blockchain will get a power boost in India, once Jio enters the niche.