Is Jio Coin actually a digital currency?
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The Indian government has made it clear that it will not accept cryptocurrency as legal tender. So my question: Is JioCoin just a market gimmick, a genuine digital currency, or does it just work as a discount voucher in disguise, like Tata Neu Coins?
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JioCoin is basically like points you get for using Jio stuff. It's not a true cryptocurrency; rather, it's more akin to discount coupons, similar to Tata Neu Coins. You earn them by using Jio services and can use them to get deals. Because India doesn't allow crypto, JioCoin is just a reward system and maybe a way for Jio to get attention.