Jio Coin: Mukesh Ambani Might Launch His Own Cryptocurrency

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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.

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