Channels

Prime

Ignite

Million

Read

<div class="coingape"> 
 <h2 id="reliance-boosting-digital-adaptation">Reliance Boosting Digital Adaptation</h2> 
 <p>During the company’s annual general meeting, <a rel="dofollow" title="Mukesh Ambani" href="https://thebittimes.com/tag/mukesh-ambani.html">Mukesh Ambani</a>, chairman and managing director of RIL, emphasized the strategic direction of JFS. Ambani claims that JFS intends to establish itself as a household name in the payments sector by assisting both consumers and companies and fostering digital adoption.<br> Notably, JFS’s goods plan to venture into cutting-edge <a rel="dofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> including blockchain-based platforms and the incorporation of CBDC.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1">
   <div class="advertised">
    <span class="ad-placeholder">advertisement</span>
   </div> 
  </div>  
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <p>The newly listed subsidiary’s main goal is to increase the penetration of financial services using a digital-first strategy. This strategy focuses on simplifying products, reducing expenses, and expanding its reach to a larger audience.</p> 
 <p>RIL’s move into the financial services domain took shape last year with the demerger of its financial services business and the creation of Jio Financial Services, which subsequently listed on the stock exchanges earlier this month.</p> 
 <p>JFS has already forged a pivotal partnership with investment giant BlackRock to enter the Indian asset management arena. This partnership led to the formation of Jio BlackRock, a digital-first entity, with both companies holding an equal 50% stake. Additionally, Reliance Retail, a part of RIL, initiated the acceptance of retail payments in digital rupee earlier this year in February, a step that could catalyze the adoption of India’s recently introduced CBDC.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path>
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/27/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp">
      <noscript>
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/27/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy">
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/27/fa6133ad6e87ee1c4776d3849180d46b.webp">
      <noscript>
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/27/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy">
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/27/f88de9f91a8c6b7926f52e209e8f697e.webp">
      <noscript>
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/27/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy">
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/27/472515f3ab5ae759f4e49d6afa8bc33a.webp">
      <noscript>
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/27/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy">
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/28/48cfebc8a0493db9937bed5dd005ee19.webp">
      <noscript>
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/28/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy">
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>Also Read: HashKey’s New Offerings Ignite Expectations Of Price Recovery For Bitcoin And Ethereum</p> 
 <h2 id="india-s-step-towards-global-crypto-regulations">India’s Step Towards Global Crypto Regulations</h2> 
 <p>In sync with Reliance’s announcement, India is increasingly immersing itself in the cryptocurrency and blockchain landscape. Speaking earlier today at the Group of 20 (G20) conference, Prime Minister Narendra Modi underlined the value of international cooperation in developing cryptocurrency rules. As the current G20 president, India is at the forefront of advocating for a comprehensive worldwide framework to govern cryptocurrencies.</p> 
 <p>With Reliance’s JFS exploring cutting-edge technologies and India’s proactiveness in crypto regulation discussions, the nation’s financial landscape is evolving toward greater digitization and innovation.</p> 
 <p>Also Read: Solidus AI TECH 1st IDO Captivates Global Investors And Accumulates $2.8 Million In 24 Hours</p> 
</div>    
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/reliance-s-jio-financial-services-ventures-into-blockchain-and-cbdc-integration-tbt60657.html">https://thebittimes.com/reliance-s-jio-financial-services-ventures-into-blockchain-and-cbdc-integration-tbt60657.html</a></p>

Reliance's Jio Financial Services, Ventures Into Blockchain And CBDC Integration

Table of Contents

TheBitTimes

Other articles published on Aug 28, 2023

Crypto Exchanges in South Korea To Hold Minimum Reserves Starting September

SEC Takes Action Against Impact Theory In The First Ever NFT Enforcement

Shiba Inu (SHIB) Dev Admits Polygon's Great Help in Shibarium Relaunch

Tezos (XTZ) Price Prediction 2024, 2025, 2026-2030

Dogecoin's Range Widens As It Faces Further Rejection At $0.065

South Korea Orders Crypto Exchanges to Maintain At Least $2.2M in Reserves

Join our free newsletter for daily crypto updates!