New Cryptocurrency to Launch in India..!!!

There are lot of Indians, who aware of Cryptocurrency market and Investing in Cryptomarket.
There are lot of people in India, who are seeing Bitcoin as an Investment to get high profit from it.

Presently, there are over 1300 virtual currencies in operation worldwide. India has identified 11 exchanges dealing with virtual currencies.

The most popular application of the technology has undoubtedly been cryptocurrency, and Reliance Jio Infocomm Ltd plans to create its own cyptocurrency, JioCoin.

Image Source : blogs.systweak.com

As Reported by Livemint
"With Mukesh Ambani’s elder son Akash Ambani leading the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics."

While Jio has not commented on the move, the report claimed that Ambani's plan to tap into blockchain technology for smart contracts was still in the "proposal stage".