You have earned it but where will you spend it? Will it be useful like Tata NeuCoin?

Reliance Jio launched JioCoin a few days ago, after which it has made tremendous headlines on social media and other places. Many people have come to know how JioCoin can be earned, but no one knows yet how JioCoin will be spent.

To earn JioCoin, users use Reliance's JioSphere browser. Users get JioCoin through activities on this browser. Here we are telling you about the way to spend JioCoin, after which you will be able to spend the earned JioCoin easily.

Tata NeuCoin already exists

JioCoin has been launched recently, but Tata has already introduced Tata NeuCoin a long time ago. Tata NeuCoin is earned by using Big Basket and other Tata platforms. Let us tell you that Tata NeuCoin is a kind of reward point, which reduces the total amount of your bill a little.

Is JioCoin a cryptocurrency?

Reliance Jio has not clarified anything about JioCoin yet whether JioCoin will be a cryptocurrency or just a reward point. However, according to experts, JioCoin will only be a reward point and it will work just like Tata's NeuCoin. On the other hand, Reliance Jio can also take JioCoin forward on the lines of cryptocurrency, but the correct information about it will be available only in the coming time.

Where can we spend JioCoin?

The price of one JioCoin has not been decided by Reliance Jio yet, but according to TOI's report, the price of one JioCoin can be around 0.50 dollars which is around 43 rupees. If JioCoin works like a reward point, then you can use it on Jio Mart, Jio Phone recharge and other Jio platforms. On the other hand, if it takes the place of cryptocurrency, then you can earn money by selling it like Bitcoin.