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We had a wallet released from Jio. We have been hearing that Ambani's son has formed a team and working behind to create a new crypto currency which is called Jiocoin. The announcement and release of jio wallet would be for, exchanging other crypto currencies into jiocoin which would increase its values. This is what i predict from the announcement and the release of jio wallet at the same time.
As far as I could find, that report about Jiocoin was just another report based on other reports hyped by media. Livemint published an article and then everyone just reiterated the same thing.
Isn't Akash Ambani the kid who was busy losing weight last year and is now getting married. Where do you think he has the time to put together a 50-member team and work on Blockchain technology. LOL..If you have any authentic sources, do share.
As far as the speculation regarding jiocoin goes, I think it does hold merit. Suppose they launch this coin with which you can access Jio services. Banks suddenly ban everything but allow this one because it has, say, a license to offer cryptocurrencies, faithfully awarded by Narendra Bhai.. They already dropped the whole telecom market into his kitty in one go by making all the other operators bend to the rules for enabling MNP.
Had it not been for TRAI intervention, it wouldn't have been such smooth sailing for Jio Telecom. This would be completely manipulative but we will be able to do shit about it.
Its Ambani and Modi afterall. They do what they want to.