India’s top telecom company Reliance Jio has introduced its first digital token, JioCoin, which is built on the popular Polygon blockchain.
Right now, JioCoin is given as a reward to users who browse the internet using the JioSphere browser. However, the token cannot be transferred or redeemed at this moment.
In the future, JioCoin might be used for mobile recharges or payments at Reliance Retail stores, though no official announcement has been made yet.
With this move, Jio, in partnership with Polygon Labs, is working to bring blockchain and Web3 technology to its massive user base of over 450 million people.
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