GUWAHATI: Mukesh Ambani’s Jio Platforms has teamed up with internet technology company Polygon Labs, creating a lot of excitement online. Many people are speculating about a new cryptocurrency called "JioCoin," and users have been sharing screenshots of it on social media, even though the company has not officially announced anything about it.
Many users on Twitter have shared screenshots of JioCoin, speculating that it could be used for services like mobile recharges or purchases at Reliance gas stations. Bitinning CEO Kashif Raza has also contributed to the speculation, adding fuel to the ongoing discussions.
This partnership with Polygon Labs is part of Jio's plan to grow its blockchain and Web3 technology. However, Reliance Jio has not officially said anything about what JioCoin might be used for.
Through its partnership with Polygon Labs, the developer arm of Polygon Protocols, Jio aims to deepen its engagement with Web3 and blockchain technology in India. The partnership aims to improve Jio users' privacy, give them more control over their data, and offer new services.
The partnership aims to add Web3 technologies to Jio's current apps, which will help its large user base of over 450 million. Polygon’s blockchain solutions will help Jio create new Web3 services for its customers.
Blockchain technology, smart contracts, digital tokens, cryptocurrencies, CBDCs, and NFTs are central to the Web3 ecosystem. This partnership marks a major step for Jio as it explores the digital assets space.
Kiran Thomas, CEO of Jio Platforms, said, "Partnering with Polygon Labs is an important step in Jio's journey to improve digitally. We are excited to explore the endless possibilities of Web3 and offer unique digital experiences to our users."