The Jio Network May Boost India’s Bitcoin Economy

The use of Bitcoin may get some more fortification in India as the region’s most wealthiest man is enabling super cheap 4G to a billion Indian citizens.

Also read: Bitcoin in India: ‘The Best Form of Money the Human Race Has Ever Experienced’

India’s Richest Man Gives 4G Data to a Billion People

Chairman and Managing Director of Reliance Industries Mukesh Ambani attends the opening plenary session of the World Economic Forum (WEF) India Economic Summit in Mumbai November 13, 2011. REUTERS/Vivek Prakash (INDIA - Tags: BUSINESS)
Reliance Industries Jio Network’s Mukesh Ambani

Mukesh Ambani is one of the richest men in India. Local consumers will have the opportunity to try Ambani’s new Jio Network, allowing 4G data at significantly lower prices.

The 4G network will cover roughly 80% of the country, and the Jio Network is free until the end of the year. After that, the service will cost 149 INR ($2.25 USD) a month.

This new service will add more unbanked, and users who typically can’t afford mobile phones, to the internet. Those able to access the internet with a smartphone may be inclined to discover the benefits of Bitcoin. The cryptocurrency has become very prevalent in India

Read more ... source: TheBitcoinNews