Reliance Jio, India’s top, and most popular telecommunication company, has taken its first step into blockchain and cryptocurrency. Under the chairmanship of the country’s richest person Mukesh Ambani, a cryptocurrency has been added in the name of Jio Coin.
This can benefit more than 450 million Jio users in the country. Yes, not just traders or investors, if you also buy Reliance products, then it is important for you to know about Jio Coin.
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What is Jio Coin?
Jio Coin has been introduced in partnership with Polygon, a cryptocurrency and technology platform. It aims to bring a small change in India’s digital economy through Reliance Jio, which can be collected as a reward token.
It has been launched not only to approach Polygon Web 3 but also to increase digital engagement through the Jio sphere web browser.

What is the value of a Jio Coin
As you all know Jio Coin has just been launched. Like other cryptocurrencies like Bitcoin, Dogecoin, Coinbase, etc. Jio Coin is also a cryptocurrency, that is now in the beta phase.
It means that till now how to earn it, how and where to invest it and what is its actual value in Indian Rupees, all this has not been decided. But it is being estimated that its value can be around $0.5/ ₹43. Which is the value of each token, which you can get as a reward.
How to Earn Jio Coins and How to Use it
You all have come to know a little about Jio Coin. Now, it is time to know how we can earn Jio Coin and from where we can collect it. With the help of the Jio sphere web browser, you to earn Jio Coin as a reward, which is like a token that can be used to log in only with an Indian number. For this, you need to follow some simple steps.

- First of all, you have to download the Jio Sphere app from the App Store or Play Store, which is a web browser of Jio like Chrome.
- After that, after giving your mobile number, you will get an OTP and after giving that OTP, you can sign in. As we have already told that now only the beta version of Jio Coin has come. Meaning, only limited people can use it.
- Then you can see that below you will see the amount of Jio Coin as 0 because till now you have not earned any Jio Coin. It is being discussed on various social media that when we use Jio apps like Jio Cinema, Jio TV, and Jio Mart and do any activity in it like shopping, or watching ads, if we get the reward from it then it can be added to our wallet like Jio coins.
- Now you must be wondering that after collecting Jio Coin, where and how will you use it? So for your information, let us tell you that nothing has been confirmed yet about how to convert Jio Coin into rupees, whether it can be transferred to the account or not, and how to use it. But it has been heard that when we shop from the Jio app or from Reliance, then we can use Jio Coins.

What Are the Impacts of Jio Coin?
As you all know, India’s rules and regulations are very strict regarding cryptocurrencies. A tax of 31% has been imposed on cryptocurrency. But until the value of Jio Coin is not decided, nothing can be said about the tax to be imposed on it.
A huge change has been seen in India’s digital sector because of Jio, which proves that it has more than 450 million users. Once Jio Coin is launched, its impact can be expected to bring further development in India’s digitalization.
If the value of Jio Coin is suitable, then India can make a huge contribution in the field of cryptocurrency. With this, along with strengthening the digital economy of the country, the country can move towards development.
Until the value of Jio Coin is decided and all questions related to it like how to earn from it, how to invest, how to transfer, where and how to use it, etc. are answered, it is difficult to say what the impact of Jio Coin is going to be in India and Cryptocurrency.
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