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Facebook-#RelianceJio deal impact on the crypto space in India:

1) It is not a Joint venture. They will also continue to compete in other areas.

2) There is no plan of offering super-app on the lines of Chinese giant WeChat which is a messaging and ecommerce platform rolled into one.

3) Facebook gets a seat on all the Jio Platforms.

4) Both companies will continue to be independent entities with their own business models.

5) You might see groceries getting delivered from “Gupta General Store” of your locality in the near future.

6) 3 Cr kirana shops in India Start accepting digital payments possibly a "Jiocoin".

7) 400 million wats app user will have an option of delivering a birthday 🎂 along with a 😀 smiley.

8) Having a local partner could help it in navigating various regulatory issues, including those related to privacy and local storage.

9) You can expect a FB-JIO lobbying for favourable regulation. In future you can expect a regulation in favour of centralised digital assets regulated by RBI.

10) This news will have a spill over effect on #Crypto as more will experiment with digital currencies. There is also going to be surge in the search for terms like "Blockchain" and "Bitcoin".

11) Spill over e.g: We know that WhatsApp is the leader in the market but majority of them who is a little concerned about data privacy is shifting to telegram.

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