Reliance Industries, led by billionaire Mukesh Ambani, has maintained a silence around its newly introduced Jio Coin, leaving the business community and cryptocurrency enthusiasts in buzz and anticipations. Despite unveiling India’s homegrown digital currency, the company has yet to reveal the coin’s specific features and uses, sparking curiosity among the individuals.
It is worth noting that the Reliance’s tech subsidiary, Jio Platforms, has partnered with Polygon Labs to bring Web3 and blockchain technology to India.
Reliance’s FAQ section explains, “JioCoins are blockchain-based reward tokens that users can earn by engaging with different mobile or internet-based apps as decided by Jio Platforms Limited (JPL) using their Indian-based mobile numbers.”
Reliance Jio Coin: Latest Price And Market Capitalization
According to “Wallet Investor“, as of March 24, 2025, the price of 1 JIO Token is Rs 21.759907. Moreover, the market capitalization of this digital currency is Rs 38,222,527, with an available supply of 1,908,130 tokens. The website didn’t specify its 24-hour trading volume, and the percentage change over the last 24 hours.
Future Of Digital Currency In India
Worldwide, financial experts and economists believe that digital currency is the future. Moreover, India is too not untouched with this view point. Experts are of the view point that digital currencies might replace traditional currencies in the future. Reliance Jio Coin is more of a reward token but posses similarities with digital currency. Likewise, it can be the future of digital transactions.
Recently, the Reserve Bank of India (RBI) launched Digital Rupee (e₹). This is India’s official digital currency. It’s a digital version of the physical Indian Rupee, offering the same convenience, security, and finality as cash. Users can store e₹ in a digital wallet and use it to send/receive money or make transactions, just like using physical cash.