Jio Coin: Mukesh Ambani Might Launch His Own Cryptocurrency




Nowadays everyone is showing their interest in the Cryptocurrency. From the last few month, we have seen everywhere the news of Bitcoin. His price got a sudden hike. With that Etherium is now the second largest cryptocurrency after the Bitcoin. However, still, it is unknown why its price got sudden hike!

Apart from this, according to the recent report, the well-known company Reliance Jio Infocomm is planning to launch its own cryptocurrency — Jio Coin. As per mentioned in the Mint Report, they claim that they are working in the blockchain technology to run the upcoming Jio Coin in the market. Reliance has the 50 members team who is working to discover the blockchain technology.

This report came while Bitcoin has taken major hit worldwide. The value of Bitcoin had reached to the sky from the last couple of weeks. In between them, recently Etherium got a speed in its rates which are impressive. The price of the 1 Etherium (ETH) hit $1,000 in January 2018. Though the price was 1 ETH crossed $800 in December 2017.

There is no news regarding its launch date however in India, Arun Jaitley the finance ministry, and Reserve Bank of India (RBI) have already warned the users who are using Bitcoin or other cryptocurrencies. Arun Jaitley has said the cryptocurrency is not a legal currency as of now and with that Reserve Bank of India has clearly said that the cryptocurrencies such as a Bitcoin are not authorized by any central banks to do the payments.



For instant tech updates and smartphone news.


Stay up to date with latest tech.

Right Brothers Daily

Loved our stuff? Our bird can deliver updates daily for free!

We respect your privacy and take protecting it seriously. For more navigate to the Privacy Policy page.



Vivo V15 Powered by Helio P70 and 32MP Selfie Camera Launching...

Vivo is all set to launch their V15 Series in India tomorrow. The company will launch two new devices dubbed Vivo V15 and Vivo...