No JioCoin app offered by Reliance Jio, company cautions users

Reliance Jio on Wednesday cautioned users against downloading any application that claims to offer JioCoin, a new cryptocurrency reportedly in the works.

"Reliance Jio has come across reports in media and other websites about the existence of purported JioCoin Apps on the Internet that are soliciting investments in crypto currencies from people," said the company in a statement.

"Reliance Jio would like to inform the public and media that there are no such apps offered by the company or its affiliates/ associates. Any such apps using the JioCoin name are fake and people are advised to refrain from dealing with any of them."

"Reliance Jio takes a serious note of such fraudulent attempts by unscrupulous persons to misguide the public in the name of Jio and reserves the right to take appropriate legal recourse," it added.

Jio's statement comes as response to a growing number of fake mobile applications and websites tricking customers into downloading them.

A quick search of "JioCoin" on Google Play Store shows more than a dozen fake applications. Also, there are a number of websites cashing in on the buzz around the JioCoin.

It's recommended that users should not download such malicious applications as they could inject malware or adware into your phone, ultimately putting your privacy at risk.