Reliance Jio planning to launch its own cryptocurrency called JioCoin

Reliance Jio planning to launch its own cryptocurrency called JioCoin

Reliance Jio planning to launch its own cryptocurrency called JioCoin

According to an unnamed source, the new cryptocurrecny would be called "JioCoin" and the project would be led by Reliance Industries Chairman Mukesh Ambani's elder son, Akash Ambani.

After giving telecom sector impressive offers and tariff rates, Reliance Jio is now planning to launch its own cryptocurrency, JioCoin.

The team of 50 young professionals in the JioCoin project will work on blockchain technology, which is a digital and decentralized ledger that records all transactions.

Bungie announces plans to remedy Destiny 2's loot box system
PC Clan Chat: In addition to the Tower chat that is targeted for February, we are adding clan chat to the PC version of the game. After Curse of Osiris confused everyone by locking vanilla players out of certain content, Bungie is looking to clear things up.

"The company plans to hire 50 young professionals with the average age of 25 years for Akash Ambani to lead", Mint quoted a person familiar with the development at Reliance Jio as saying.

The company also plans to develop blockchain applications such as smart contracts and supply chain management logistics. The Information that is Held on the Block-Chain that through an Shared Database which Can be Accessed on a Real-time Basis. This data is stored on the cloud instead of storing on physical servers.

"One (application) is cryptocurrency".

Seal slams Oprah Winfrey, calls her 'part of the problem for decades'
Someone from his team reached out to her to see if she would talk to him, and she said she would if it was for an interview. Interestingly, Winfrey made no mention of Weinstein during her inspiring Golden Globes speech .

With Jio 4G network available across the country and over 160 Mn user base, the company is also experimenting with IoT and AI to determine how these technologies can help boost the entire Reliance offerings. The person, however, said all of this was "in proposal stage".

Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.

Millions of people started investing in cryptocurrency and making money in it. However, the legal status of cryptocurrency has not had a clear vision in India as the RBI and Finance Minister Arun Jaitley had issued warnings against the cryptocurrency use.

Devendra Fadnavis ordered Judicial probe in to Bhima - Koregaon combustion
A large section of Dalits view the historical battle as the defeat of the "casteism" of upper-caste Peshwas. Other suburban services are being run amid intermittent protests at Elphinstone Rd, Goregaon, Dadar, Malad.

Recently it was reported that many Indian Bitcoin exchanges have been facing difficulties with INR withdrawals as Indian banks had been blocking payments and withdrawals by bitcoin exchanges. The ministry added that cryptocurrencies don't have any intrinsic value and they are not legal tender in India. On Thursday, Bitcoin dropped as much as 12% to $12,801, its most reduced since Christmas day, as South Korea's equity serve repeated his proposition to boycott nearby digital currency trades, Bloomberg revealed.

Latest News