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Reliance Jio Launches Blockchain-Based JioCoin Rewards
Reliance Jio has partnered with Polygon Labs to launch JioCoin, a blockchain-based reward token aimed at enhancing user engagement. JioCoins can be earned by using the JioSphere web browser and other Jio apps through activities like browsing, watching videos, and playing games. Users can later redeem these tokens across Jio services, including mobile recharges, JioMart shopping, and OTT subscriptions. Experts believe this initiative could revolutionize blockchain adoption in India, with regulators like RBI and SEBI closely monitoring its development. JioCoin marks a significant step towards mainstream crypto adoption in India.