What is JioCoin? Could this blockchain-based token be Reliance Jio’s entry into the crypto world?

Reliance's JioSphere web browser users have noticed the integration of JioCoin, a cryptocurrency token built on Ethereum Layer 2 and listed on the Polygon blockchain platform. Although there has been no official announcement, both Android and iOS users report seeing JioCoin-related features on their devices. The value of JioCoin seems to depend on user interaction with Jio's apps and services. Apps like MyJio and JioCinema are expected to support JioCoins in the future. Currently, users can earn JioCoins for free by using the JioSphere browser, with tokens stored in a Polygon Labs wallet. On 15 January 2025, Jio announced a partnership with Polygon Labs.

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