Thread by @cryptokanoon

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.

#RelianceJio

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.

#RelianceJio

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

#RelianceJio

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

#RelianceJio

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

#RelianceJio

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

#RelianceJio

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

#RelianceJio

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

#RelianceJio

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.

#RelianceJio

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".

#RelianceJio

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.

#RelianceJio