With Mukesh Ambani-led Reliance Jio reportedly planning a move to launch its own cryptocurrency, an alleged fake website has come to the fore.
The website – which comes with URL reliance-jiocoin.com – has also been named as such that it looks like a sister organisation of RIL.
It has also the icon of RIL – the parent organisation of Jio.
The website states that the Jio Coin will have a launch price of Rs 100 per coin.
It is also asking people to register with their full name and email address. However, at the time of writing, the website was not opening.
According to a report, Reliance Jio Infocomm is drawing up plans to create its own cryptocurrency, Jio Coin. The new bet, a Mint report claims, is the mandate of a 50-member team working on blockchain technology, which is being helmed by Ambani’s elder son Akash.
The report claimed that Ambani’s plan to tap into blockchain technology for smart contracts was still in the “proposal stage”.