While the apex cryptocurrency BTC is hounding much of the interest, rightly so given its 62% dominance in the digital assets market — the fact that it has gotten outperformed by a dozen or so other cryptocurrencies is not getting enough attention...

via Go Long on Substack

https://golong.substack.com/p/cryptocurrencies-outperform-bitcoin

Given the influence Reliance has over the Indian government and even general population, this move might just lead to an improved acceptance of Cryptocurrencies in India. I won't be too hopeful for the "JioCoin" itself though!

http://www.livemint.com/Companies/AzdrYmQhYnq0TPiDUbZcSO/Reliance-Jio-planning-its-own-cryptocurrency-called-JioCoin.html