Jio Platforms has reportedly introduced JioCoin on the Polygon blockchain network as a reward token for browsing through JioSphere, Jio's web browser. The token is currently non-transferable and non-redeemable.

Indian telecom giant Jio Platforms, owned by billionaire Mukesh Ambani, launched its reward-based token, JioCoin, on the Polygon network. On Jan. 16, users on X noticed JioCoin integrated into Jio’s proprietary JioSphere browser. This followed Jio’s partnership with Polygon Labs to enhance its offerings with Web3 and blockchain capabilities.

Jio Platforms has launched JioCoin, a reward-based token built on the Polygon network, integrated with its JioSphere browser. JioCoin is not yet transferable or redeemable, with no official utility announced. Critics have raised concerns over the token's transparency and functionality.

Mukesh Ambani-led Reliance Industries' technology subsidiary Jio Platforms recently announced a partnership with Polygon Labs, the developer arm of Polygon Protocols for its Web3 and blockchain debut in India.

This comes in the background of the RBI expressing concerns over any privately held 'virtual coins' and cryptocurrency continuing to remain a subject of debate among India’s policymakers. Globally, though,

Jio Platforms, under Mukesh Ambani, teams up with Polygon Labs to integrate blockchain technology, enhancing services for its 450 million users. The collaboration aims to explore Web3 potential and introduce digital assets like JioCoin.

Mukesh Ambani-led Reliance Jio, India’s dominant telecommunications company, has launched the digital token Jiocoin as part of its blockchain-powered rewards program for its 450 million user base. The new coin has been integrated into Jio’s proprietary JioSphere browser,