One of the most popular reality TV shows, Kaun Banega Crorepati ( Who Wants to Be A Millionaire?) recently asked a contestant about Facebook’s Libra and then had a brief discussion about cryptocurrencies in general.
The contestant Himanshu Dhuria, the 19 –year old contestant is presently training to be a commercial pilot. The question posed to him was, “What is Libra, proposed by Facebook? The options given were “artificial intelligence camera, instant messenger app, short video platform, and cryptocurrency.
Without using one any of his lifelines, Dhuria correctly answered that Libra was a cryptocurrency.
Veteran Actor, Amitabh Bachchan then briefly explained what cryptocurrencies are, stating:
“Cryptocurrency is a form of digital and global money system — currency. Bitcoin, litecoin, [and] ripple are some existing cryptocurrencies.”
Kaun Banega Crorepati
Interestingly, Jio has been a big advertiser for KBC. The list of sponsors includes Marazzo, Raymond, Big Bazaar, Asian Paints, Axis Bank, and Syska Wires & Cables.” While Dhuria was paid INR 40,000 for answering this question, KBC would have likely earned crores from Jio for defaming Libra. A perfect scenario of indirect advertising at its best!
Since Facebook’s announcement, Libra has been under strict scrutiny due to Facebook’s huge consumer base, which could eventually lead to a fall of central banks worldwide. Lawmakers around the world have tried to stop Facebook from continuing its work on the project.
Reliance’s Initiative to Launch India’s Most Prominent Blockchain Network
Despite the crypto conundrum in India, Reliance recently announced plans to partner with a number of global tech firms and launch what would eventually be India’s most prominent blockchain network. Reliance is reportedly running these projects through its network subsidiary, Jio, which has already taken over the mobile network industry in India.