Jio coin - JIO set to launch its cryptocurrency jiocoin

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jiocoin to challenge bitcoin image

 According to a report, Jio is all set to launch its own cryptocurrency jiocoin looking at the success of bitcoin. Well bitcoin has been very popular in 2017 and still many peoples are getting attracted towards bitcoin. According to mint report, the mandate of 50-member team working on blockchain technology which is being helmed by Ambani's elder son Akash. 
akash ambani with his dad Mukesh ambani

The game changing moment was, a time when Bitcoin has taken a major hit worldwide after South Korea reiterated a proposed ban on such venues, fueling concern that a crackdown will erode one of the world's biggest sources of demand for digital currencies Bitcoin dropped as much as 12% to $12801  before paring losses to about 6% according to data.

Governments around countries are giving peoples advice so as not invest in cryptocurrency like bitcoin.even India's finance minister, Arun Jaitley and Reserve Bank of India (RBI) have warned bitcoin users on the risks such cryptocurrencies carry.

While Jio has not commented on the move, the report claimed that Ambani's plan to tap into blockchain technology for smart contracts to launch jiocoin was still in the proposal stage.And if it will be launched the it will be jiocoin Vs Bitcoin.

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