Reliance Jio Tests New JioCoin Crypto on Polygon Blockchain

India's telecom giant just dropped a blockchain bombshell—and it's running on Polygon.

Reliance Jio, the mobile powerhouse with over 400 million subscribers, is quietly testing its own digital currency. Forget speculative memecoins; this is corporate crypto with serious scale. The JioCoin pilot signals a massive shift: mainstream adoption isn't coming—it's already here.

Why This Isn't Just Another Token

Polygon gets the nod for its speed and low fees, a practical choice for processing millions of potential micro-transactions. Jio isn't playing in the sandbox; it's building infrastructure. Imagine paying your bill, topping up data, or accessing services with a token native to India's largest network. It bypasses traditional banking rails entirely.

The Scale Play Changes Everything

Most crypto projects dream of user adoption. Jio wakes up to it. Integrating a digital asset into an existing ecosystem of this size is unprecedented. It turns every smartphone on its network into a potential crypto wallet overnight. That's not speculation—that's distribution.

A Cynical Finance Jab

Wall Street analysts are probably scrambling to model the tokenomics while muttering about 'unregulated assets'—right before their firms launch a competing custody service.

The move cuts through the noise of crypto hype and targets utility. If successful, JioCoin could demonstrate how blockchain integrates with daily life at a scale that makes current DeFi look like a niche experiment. The test phase is the starting gun. Watch what happens when a titan decides to run.

Jio’s push into Web3 with Polygon and Aptos 

In January 2025, Jio partnered with Polygon Labs to bring Web3 features to its apps and services, which are used by over 450 million customers. At the time, Kiran Thomas, CEO of JPL, said that “Joining forces with Polygon Labs marks a significant milestone in Jio’s journey towards digital excellence. We are excited to explore the boundless possibilities of Web3 and bring unparalleled digital experiences to our users.” 

In October 2025, Jio also partnered with Aptos to create a blockchain-based rewards platform for over 500 million subscribers. The beta program already has about 9.4 million users and provides practical, real-world rewards through Aptos’s fast and low-cost blockchain, not just speculative digital coins. Aptos Labs is helping with the technical setup to make sure the system can handle millions of users. This is one of the largest uses of blockchain technology by a telecom company so far.

What JioCoin could mean for everyday users

Jio has been investing in digital services for several years, which has helped it maintain a strong position in India’s telecom sector. Even though the price of Aptos coins has not changed much recently, the rewards platform lets Jio expand its digital ecosystem and reach everyday users through its normal telecom services.

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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