Reliance Jio plans own Cryptocurrency

[Yugocean]

Reliance Jio, India's largest telecom industry, is planning to bring its own cryptocurrency.

This project belongs to Akash Ambani, son of Mukesh Ambani. A team of 50 professionals was formed in 2019 under the leadership of Akash Ambani to create crypto. However, speculation by the Indian government to ban private crypto has put it to a halt; but, it is not finished.

Reliance Jio's decision to create its own cryptocurrency was made in view of the growing trend of cryptocurrencies worldwide, if the project of this cryptocurrency hits the market, there is already a Reliance market available for it.

If this project continues, then another big cryptocurrency may come up, if it gets banned in India, then this project can go outside India.

 

[greatguy1]

What is the cryptocurrency all about Anybody can just wake up and decide to get their own cryptocurrency coin. This could be yet another field promise if care is not taken. There are thousands of coins are there in the market yet the only big to or big four controls more than 90% of transactions that go on. It is not about being a big telecom company oven the son of a billionaire that makes you feel you can have your own cryptocurrency. What need is your cryptocurrency solving?