"I believe that the confluence of distributed ledger and blockchain technology, smart tokens, and the convergence of physical and digital through loT will empower and reinvent the decentralized financial industry in ways we have never envisaged,"
With its discount offerings and relatively inexpensive pricing, Reliance Jio has been essential in transforming the face of India's telecommunication business. In the winter session, the BJP government, led by Prime Minister Modi, chose to introduce a policy banning the use of cryptocurrencies. Because the seller is the single vendor of products with no close replacement -- a monopoly market has no competition. Prices are established by the vendor. JioCoin will eventually profit due to the lack of alternative digital currencies on the market.