Enterprise

Facebook floats ‘Jaadhu Holdings’ to do business with Jio

Jaadhu, in Hindi, means magic.Well, that is what Facebook probably hopes to create with its $5.7 billion (Rs 43,573 crore) investment in Reliance Jio Platforms for a 9.99% stake.Economic Times, “Jio Platforms, Facebook-owned instant messaging service WhatsApp Inc and Reliance Retail Ltd will also enter into a separate commercial agreement.”Over 1200 Kirana stores join hands…

Jaadhu, in Hindi, means magic.

Well, that is what Facebook probably hopes to create with its $5.7 billion (Rs 43,573 crore) investment in Reliance Jio Platforms for a 9.99% stake.

Economic Times, “Jio Platforms, Facebook-owned instant messaging service WhatsApp Inc and Reliance Retail Ltd will also enter into a separate commercial agreement.”

  • Over 1200 Kirana stores join hands with JioMart, Facebook pilot program
  • Jio Mart to sell smartphones and electronics
  • WhatsApp as an e-commerce platform gets unveiled

Local is the goal 

Ineterestingly, the official filing echoes the larger political exhortation from Prime Minister Narendra Modi for being “vocal for local”.  

“The Proposed Transaction and the Proposed Commercial Arrangement are pro-competitive, benefits consumers, Kirana (corner) stores and other small and micro local Indian businesses, and take forward the vision of digital India,” the filing read.

The deal will help Reliance cut its spiraling debt pile while providing the social media giant with a strong foothold in India’s fast-growing market. Facebook’s decision to move ahead with the investment despite the looming risk of a global economic meltdown signals it

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Enterprise

Paxos Diversifies Stablecoin Issuance with Solana Blockchain Integration

Paxos, a regulated blockchain and tokenization infrastructure platform, has announced a strategic move to broaden its stablecoin issuance to the Solana blockchain platform. Previously exclusive to Ethereum, this expansion marks a milestone for Paxos’s enterprise and consumer-focused operations. Paxos Sets Date for Public Launch of USDP on SolanaThe introduction of USDP on Solana…

Paxos,
a regulated blockchain and tokenization infrastructure platform, has announced
a strategic move to broaden its stablecoin issuance to the Solana blockchain
platform. Previously exclusive to Ethereum, this expansion marks a milestone
for Paxos’s enterprise and consumer-focused operations. Paxos
Sets Date for Public Launch of USDP on SolanaThe
introduction of USDP on Solana…
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Enterprise

JAN3 Launches New Division to Help Countries Buy Bitcoin

In addition to serving nation states, JAN3 Financial extends its expertise to private enterprises, family offices, and high-net-worth individuals…

In addition to serving nation states, JAN3 Financial extends its expertise to private enterprises, family offices, and high-net-worth individuals…
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Texas Bitcoin Mining Operation Shut Down By Host’s Armed Security

A 125MW Bitcoin mining facility run by Rhodium Enterprises was forced to shut down last week by Rockdale, TX site operator and Riot Platform’s subsidiary Whinstone Inc. after armed security entered the premises…

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Enterprise

Britanniacoin’s Official Pre-release: introducing a unique vision for the future

Aptius Ltd, a British financial enterprise, has developed a new cryptocurrency called BritanniaCoin which will be available for pre-sale from June 18th onwards, ahead of its launch later this year. BritanniaCoin is a British-built blockchain that introduces real-world applications while honouring British cultural heritage. The pre-release contains 316,000 coins for sale…

Aptius Ltd, a British financial enterprise, has developed a new cryptocurrency called BritanniaCoin which will be available for pre-sale from June 18th onwards, ahead of its launch later this year. BritanniaCoin is a British-built blockchain that introduces real-world applications while honouring British cultural heritage. The pre-release contains 316,000 coins for sale…
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