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India’s very own telecom operator Reliance Jio which is planning to launch their very own cryptocurrency. The name for this cryptocurrency is Jio Coin, and this will help the customers to make digital payments very more comfortable. Last year we saw an array of the products such as the Jio phone, JioFi and now this is soon to launch the cryptocurrency that makes the transaction for services easy. This cryptocurrency will be based on the Blockchain technology. In the case of India, after Laxmi coin and Indicoin, Jio coin will be India’s third very own cryptocurrency.
Mukesh Ambani’s son Akash believes in the future and seeing as cryptocurrency is the future, this initiative makes a sense. A group of the 55 individuals with experience about Blockchain has assembled and are currently working towards the functioning of this new cryptocurrency. In the future many new Jio products are likely to be launched and to purchase those products, Jio coins can be using. They may come up with the offers to promote this new coin service. Now South Korea and China have already banned the coin trading in their country, so Reliance Jio is most likely to take the permission from the government for this new launch.
The Additional information on Jio Coin
Akash Ambani is the leader of this new project for the coin. It is the perfect time for a cryptocurrency launch as it was seen ripple to reach the second spot in the cryptocurrency ranking list. The Ripple is a low-cost cryptocurrency, so a new start with similar price rates is also being expecting to gain the profit for the company. The reason behind a ripple’s success is the investment of the Asian countries with an India which is having the most number of the investors. Now considering with all this and also to have the trust of the Indian people have on the Reliance Jio. The Jio’s cryptocurrency is expecting to be a success. Many of the people from India are unaware of Internet money, so this might also be a chance for them to understand that how cryptocurrency is working and how it can be useful to them.
How Jio Coin Works
The company is planning to hire 50 young professionals with an average age of 25 years for Akash Ambani to lead. There are the multiple applications of blockchain for the company. The teamwork on the various blockchain products, a person who is familiar with the development which is mention on condition of anonymity.
The Blockchain is a digital ledger for storing the data including, but not a limited to, financial transactions. In the simple terms, blockchain decentralises the information without it which is the copy. The info starts on the blockchain through a shared database which can access on a real-time basis. This database is not only stored on physical servers but on the cloud, which makes it very easy to store the unlimited data.
The most famous application of the technology has undoubtedly is the cryptocurrency, and Reliance Jio also plans to create its version that is called JioCoin.
The One application is cryptocurrency. We can deploy the smart contracts. It is using a supply chain management logistics. The Loyalty points could altogether be base on the JioCoin, which is adding it to the proposal stage.
An email which is to the Reliance Jio seeking a response has remained unanswered till the press time. The IoT is a network of the devices like smartphones, wearable devices, home appliances and vehicles, that is connecting to the internet, which enables these objects to connect and exchange the data. Experts have also pointed out that the blockchain could potentially address security risks to the IoT as it gives a shield against the data tampering by labelling each block of the data.
Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies not backed by assets and posed risks such as money laundering.
These days Cryptocurrencies are making lots of the buzz across the nation. Even those people who don’t know how this crypto thing is works and also investing in the Bitcoins and other altcoins such as Ethereum, Ripple, etc. After the smashing success in the telecom industry, Reliance is all set to launch its brand new cryptocurrency which is called JioCoin. Although there is no official statement or announcement yet made by Reliance chairman Mukesh Ambani, many news sites have reported that his son Akash Ambani with his team is working on the JioCoin, that is the first ever cryptocurrency in India.
The Advantages of the Jio Coin
The Security of money is a primary concern these days. We often heard the news of a payment which stolen from credit cards and debit cards. The Blockchain technology uses a public key & private keys to keep your funds safer from the hackers.
With cryptocurrency, you can send the funds to any country in the world with a minimal fee. If you see, it is tough to address some of the dollars to a person who is locating outside the India and transaction fees is crazy. With the cryptos such as JioCoin, it becomes straightforward to send the money that too almost instantly. No government can track the status of your transaction. So it is entirely anonymous, that is why many bad boys out there are using it for the illegal purposes.
Crypto can make you productive. Yes, this is the main reason why people are getting involved in Bitcoin stuff lately. Proper research & investment in the first coin can make you super rich.
The Launch of Jio Coin
Recently, there is no official date, but Live mint news portal has confirmed about this new cryptocurrency. Any other update about this will probably be available on the Jio’s official website jio.com. Additionally, regarding the platform for the Jio coin, Tangle Technology or Blockchain is the given choices. As per some news though, the Blockchain will be Jio Coin’s suitable choice for the platform.
Now, Recently, there is no official date, but Livemint news portal has confirmed about this new cryptocurrency. Any other update about this will probably be available on the Jio’s official website jio.com. Additionally, regarding the platform for the Jio coin, Tangle Technology or Blockchain is the given choices. As per some news though, the Blockchain will be Jio Coin’s suitable choice for the platform.
Geocoin Price in India
Now there is no any official information about the update of the Jio Coin price. But as per the popularity of the Jio, the regular join price or the value may be equal to 1$ or below 1$ which equals to Rs. 64 approximately in the Indian currency.
Reliance Jiocoin Price in Indian Rupees
Jio coin ICO price or cost value will be under 1$ as for the information we have. Hope to know the cost of Jio coin Price in India. Today will be Rs. 64 or maybe at that price. We have to wait for the official estimate of the join value.
Any cryptocurrency coin which is starts at a meager price at starting. Its price raises with time. Therefore, it is predicting that the cost of the one Jio Coin would be under a Dollar. But soon it will rise as there are a lot of the investors who are eagerly waiting to invest in the Jio coin.
The expecting Price under USD 1 implies Rs.64 in the Indian Rupees, as per the JIO Company and is doing excellent in the share market and now with this news, JIO Share will be increment with a more pinnacle rate. The JIO client has purchase ICO of JIO coin, and costs will be less because to construct an excellent market top beginning to each cryptocurrency proprietor who chooses to deal their currencies with a less price.
The most effective method to BUY JIO COIN
The JIO coin not yet propelled, so right you cannot purchase JIO coin, and you need to sit tight for the official announcement from JIO, which will be refresh soon, and it is there any exchanging on the purchasing and offering of JIO coin then it will be accessible on the various Indian exchange.
There is having a like Lots of the wallets for Bitcoin buy or sell in India. The Most Popular purses for the buying/ selling the bitcoins is Zebpay, unicorn, coin-delta, and Koine.in which is providing the Bitcoins, Ethreum, Ripple, Bitcoin Cash, Litecoin for buy/ sell in a Rupees. The Jio Coin will be sell from their official Myjio app or separate app which will be developing them for the safety purpose.
Previously, Reliance Jio may launch their cryptocurrency on the JioMoney app in which you will be able to buy the Jio Coins Online and using your wallet balance too. But after a few days, it might become available for the purchase on a favorite exchange such as Bittrex, Finance, Koine. Stay Tuned here for buying the jiao coins that guide with a step by step procedures.
Now it is a time to spread the news to your friends by using facebook, twitter, etc.
The Jio Coin Launch Date
Recently, there is no any official date, but Livemint news portal has confirmed about this new cryptocurrency. Any other update about this will probably be available on the Jio’s official website jio.com. Regarding the platform for the Jio coin, Tangle Technology or Blockchain that is the given choices. As per some news though, the Blockchain will be Jio Coin’s suitable choice for the platform.
The Price of the Jio Coin
It is reporting that each coin is cost somewhat less than Rs. 64, which is equivalent to 1 USD. The Jio is also expected to see a rise in the share market after the cryptocurrency’s launch.