Reliance Jio Platforms Ltd. (JPL), India’s largest telecom operator, is reportedly testing a new cryptocurrency called JioCoin (JIO) on the Polygon blockchain.
Blockchain developer Aishwary confirmed this on X after a shared screenshot on Polygonscan showed an ERC-20 token with different supply figures, suggesting the token is still in early testing or has different versions.
This is linked back to Jio’s partnerships earlier in 2025 with Polygon Labs for Web3 services and with Aptos for a blockchain-based rewards program for subscribers. Jio has not officially announced JioCoin, which makes people cautious amid past crypto scams in India.
If JioCoin becomes official, it could be a big step for the crypto market in India. Jio would be the first telecom operator to implement blockchain rewards in the Web3 era. Also, millions of Jio subscribers would be the target audience of the JioCoin.
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