Mukesh Ambani, the Chief of Reliance Industries has fully geared up to launch his own cryptocurrency similar to Bitcoin. Reliance Industries is the leading Telecom firm in India which is planning something big next to Jio network. Previously, Reliance has generated immense buzz among the public with the evolution of Reliance Jio products into the market. Now, Reliance Industries is planning to make digital payment much easier with the name Jio Coin. It is depending on the Blockchain technology similar to Bitcoin.
Jio Coin is the third Indian cryptocurrency owned by Reliance Jio. As per the latest reports, a total of 50 members will form as a team and works on the Blockchain technology in Jio. All the team members are young and talented professionals with immense capabilities. Akash Ambani – the elder son of Mukesh Ambani administers this whole team. After whopping the entire telecom sector with its mouth-watering exclusive free offers and hyper-aggressive tariffs, Reliance Jio Infocomm Limited has intended to roll out its own cryptocurrency, Jiocoin.
After officially rolling out the Jio coin into the market, the customers will be able to purchase various Jio products through the payment option Jio coin. However, there is no official confirmation regarding the outlook of cryptocurrency in the country. In other countries like South Korea and China, it has banned the trading of coin. The Reliance Company must and should acquire consent from the Indian Government to launch Jio coin into the market. Here is everything you need to know about Jio Coin cryptocurrency, its launch date and more.
Jio Coin Launch Date, Indian Crypto Currency Jio Starting Date
JioCoin is the prestigious project which is currently in discussions by Reliance Industries. The great thing about this firm is that the company will influence the Blockchain concept in the best way. Initially, we predict that the value of JioCoin might be $0.5 and it could eventually increase in the imminent future based on the JioCoin’s demand in the market. The blockchain is actually a public ledger that makes a record of all the Bitcoin transactions. In other terms, we can say Blockchain as a digital ledger that stores the data like decentralization details. It is not stored on the physical servers but exclusively on the cloud. On Cloud, it is pretty much simple to store unlimited data related to JioCoin.
Jio coin Uses Blockchain Technology l jio Coin Apps Download
Blockchain decentralizes the data without copying it. JioCoin is the own version of cryptocurrency being created by Reliance Jio. This is the most popular technology which has gained immense craze across the world. Reliance Jio plans to enter into the Internet of Things [IoT]. In such a case, Blockchain technology will come into the picture. IoT is termed as a network of devices that include smartphones, home appliances, vehicles, wearable gadgets and more. All these devices will be connected to the internet that authorizes these devices to connect and exchange the data.
Some of the professionals have cited that the Blockchain might probably report security issues related to IoT. The Blockchain works as a protective guard against data interference by branding each data block. On the other hand, the Government of India has warned against cryptocurrency. It has stated that there could be possible risks with virtual currencies in the form of money laundering. The Blockchain is a complete closed chain with the links keep on built. All those building chains will get rewards through digital coins. Such digital coins will be exchanged or en-cashed by the owner. This is the actual functioning of all the digital currencies across the globe. Bitcoin is one of the leading digital currencies in the current era.
JioCoin Cryptocurrency Launch Date
Currently, the Reliance Industries has not yet tipped anything about JioCoin launch date in India. On the official web portal of Reliance Jio, i.e., on jio.com, we can find the latest updates about JioCoin. Reliance is likely to launch JioCoin in the middle of the month February 2018. Akash Ambani will direct the JioCoin project with a team of 50 members. As per the latest plan, Reliance has planned to launch 1 billion JioCoin on the whole. Among the total 1 billion JioCoin, half of them will be distributed in the market. Through the Reliance app, the company will disseminate a total of 10 million JioCoin. After finishing the circulation of 10 million JioCoin, the price will be doubled until it hits 50 million. One can purchase JioCoin through the popular cryptocurrency exchanges such as Binance, Bittrex and more.
Indian Crypto Currency Jio Starting Date
The officials at the Reliance Company have not yet made any kind of official confirmation regarding JioCoin availability. It definitely takes some time for launching JioCoin into the market. Initially, the price of JioCoin will be in the range of some Paise. Later, taking the popularity and the craze of Jio into consideration, JioCoin’s price might hit the moon very soon. As there is no official confirmation regarding the launch date, we can’t give any update about the Indian Cryptocurrency JioCoin starting date.
How To Buy JIO Coins Online In India With INR & USD
It is expected that Reliance Jio might launch their cryptocurrency on its apps such as JioMoney wallet. The people can then spend that among from their wallet so as to buy the JioCoin. In the forthcoming future, it becomes simpler and possible on massive exchanges such as Cryptopia, Binance, Bittrex and a lot more.
Truly, the popular cryptocurrencies like Bitcoin haven’t received legal recognition from the Indian Government. The Finance Minister Arun Jaitley in Rajya Sabha said that Bitcoin is not a legal tender. There are some possible hacks with the transactions made through Bitcoin. These are some discussions and debates going on in India regarding the cryptocurrencies like Bitcoin, JioCoin and more.
However, we have to wait until the official rollout of JioCoin into the market to understand its impact on the digital transactions. For more updates regarding JioCoin Cryptocurrency launch date, stay connected to this portal. Bookmark this website and get more details on the Indian cryptocurrency launch date.
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