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Topic: Jio Partners with Polygon to implement Web3 applications (Read 63 times)

hero member
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And Polygon will try to make money out of it by playing the patriotic game.

How is Polygon important here as they are the solution provider whereas Jio is the one recognized within India as a solution experts when it comes to mobile technology? Almost everyone reading this news will never understand what Polygon does as it sounds like what Infosys did when it partnered with Citibank in the early 2000.

We at that time knew Citibank but never knew how it worked in solving issues in banking. India and being Indian I only feel this is a way for Jio to show that it is working on tech that Indians do not know and those like us who know will be happy to see something good happening in our country.
sr. member
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I think it is better to stay away from anything related to Ethereum for now. As of now, ETH has been one of the worst crypto to invest in, it has not been able to break its own ATH which is concerning when I think about Bitcoin's performance. The ecosystem is growing but the original blockchain is now shrinking in market cap. What we are noticing is that Jio is trying to market itself as a pioneer in adaptation and innovation through such news.

I am also not hoping anything Big with these partnership, it's not going to help crypto community in anyway on the other hand it introduce blockchain technology to the people and crypto is the most successful place where blockchain technology is being used so there might be some indirect adoption happening via those things.

And Polygon will try to make money out of it by playing the patriotic game.
hero member
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I am sure the Polygon team will try to market this adoption in their favour and try cashing out so there is high possibility for short term growth if things are implemented.

By the way, Polygon is not a blockchain company based in India. It is a company based in the US, and its founders are of Indian origin. Indian companies are partnering with Polygon because they are part of the Ethereum ecosystem. That being said, it is only a partnership and nothing else. We shouldn't think such a partnership will help us as a community. These partnerships are only meant to increase revenue for one of the biggest 5G mobile service providers.

I think it is better to stay away from anything related to Ethereum for now. As of now, ETH has been one of the worst crypto to invest in, it has not been able to break its own ATH which is concerning when I think about Bitcoin's performance. The ecosystem is growing but the original blockchain is now shrinking in market cap. What we are noticing is that Jio is trying to market itself as a pioneer in adaptation and innovation through such news.
sr. member
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Good news for Indian crypto ecosystem. While cryptocurrency is still a taboo in various segments of the society and banking, entry of Jio, may change the outlook towards it.

While I understand there will be no crypto related activities involved, still it will have some reputational impact which is probably going to be positive.

Also with Ambani's connection into the south block may help the crypto community in India in some ways. Let's hope for the best!

That is quite true, after the entry of Jio only the internet becomes cheaper, before that it was in the control of few companies too but they were charging like 199 per GB and Jio entered every company ran out of business and only Airtel is surviving now. We can't say that no crypto involvement here especially they picked the Polygon network the transfers fees must be paid in the native coin right thus increases the demand so the price. Or they are planning for private blockchain that doesn't involve the crypto?

BTW, do you think (@everyone) this news is enough reason to buy Polygon for short term profits ?
I am sure the Polygon team will try to market this adoption in their favour and try cashing out so there is high possibility for short term growth if things are implemented.

On another note, seeing so many states allow bitcoin into strategic reserves make me hopeful that Indian being a follower of what Western countries have done all along, might follow suit.
India will likely follow the trend too by adding them into the reserves but I doubt it will change their approach towards bitcoin, they might take the approach of Chinese government they accumulate as much as they can while discourage their citizens from holding, trading and mining cryptos.
hero member
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Just after a day, we have another big announcement from India's probably the world's biggest telecommunication Operator Jio to explore the blockchain capabilities and implement into their ecosystem. What I noticed is they are again collaborating with Polygon and the reason they claim is the cheaper network fee but if the cheap network fee was their main priority then they could have Opted SOL or BSC where token transfer fees are much cheaper but why Polygon, is it just because the founder is Indian?

Wow, seems like India is taking blockchain seriously now. First the IRCTC NFT tickets and now Jio working with Plygon for Web3.
Sounds like we are going to experience an increase in Indian crypto userbase after hearing these positive news.
May be you are right that Polygon founder is of Indian origin and that could be the reason behind the selection of the Polygon Network.
A ray of hope is present in front of us and so let's see what 2025 holds for Indian crypto users.

BTW, do you think (@everyone) this news is enough reason to buy Polygon for short term profits ?
legendary
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Good news for Indian crypto ecosystem. While cryptocurrency is still a taboo in various segments of the society and banking, entry of Jio, may change the outlook towards it.

While I understand there will be no crypto related activities involved, still it will have some reputational impact which is probably going to be positive.

Also with Ambani's connection into the south block may help the crypto community in India in some ways. Let's hope for the best!
legendary
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So anyway, I applied as a merit source :)
The founder is Indian true, but often these people come from connected alumni, which is usually the case where NIT/IIT and IIM grads are taken up by big companies.

The move is a good one to make the buzz in the Indian AI/web3 buzzword group, Jio is making sure to tick all those boxes when marketing their products.

Whether this has any impact on the current crypto situation in India is doubtful, we have seem blockchain integration happen in many other companies but little impact on politicians (because they are class 8 fail) Grin

On another note, seeing so many states allow bitcoin into strategic reserves make me hopeful that Indian being a follower of what Western countries have done all along, might follow suit.
sr. member
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Jio Platforms, an Indian mobile network operator owned by Asia’s richest person, Mukesh Ambani, has partnered with Polygon Labs to upgrade some of its existing offerings with Web3 and blockchain capabilities.

Reliance subsidiary Jio and Polygon Labs, the developer arm of Polygon Technology, entered into a strategic partnership for Jio’s Web3 and blockchain debut in India, according to information shared with Cointelegraph on Jan. 16.

Speaking to Cointelegraph, Polygon co-founder Sandeep Nailwal said the partnership with Reliance Jio represents a significant step forward for Web3 adoption in India and a signal for the rest of the world to follow suit, adding:

“Polygon Labs will support Jio and work closely to integrate blockchain across its various applications to unlock the potential of blockchain-based solutions.”

Polygon Labs will help Jio add Web3 capabilities to some of the existing applications and services, which currently cater to more than 450 million customers.


Mukesh Ambani’s Jio taps Polygon Labs for blockchain upgrades

Just after a day, we have another big announcement from India's probably the world's biggest telecommunication Operator Jio to explore the blockchain capabilities and implement into their ecosystem. What I noticed is they are again collaborating with Polygon and the reason they claim is the cheaper network fee but if the cheap network fee was their main priority then they could have Opted SOL or BSC where token transfer fees are much cheaper but why Polygon, is it just because the founder is Indian?
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