India has an active crypto-community with numerous crypto-companies striving to develop the space. And working with regulators to develop appropriate guidance. After the Supreme Court overturned the Central Bank ‘s ban on banking, the crypto business got a new lease of life and the country also saw interest from many others in starting a new project. In addition to the list of good news in the country, Tata Consultancy Services [TCS] announced on Wednesday the launch of its Quartz Smart Solution to help financial institutions offer cryptocurrency trading.
The solution was designed to support multiple cryptocurrencies and stable coins, digital currencies linked to fiat currencies, trading venues. And public blockchain networks, according to the announcement, with the aim of providing a wide range of trading and investment strategies for customers. Then it added:
“Importantly, it can help banks and investment firms offer their customers the ability to transfer payments in the form of ‘digital cash’. And benefit from lower transaction costs and quicker access to liquidity.”
Digital currencies are poised to become viable alternative means of investment, hedge. And the diversification of portfolios, according to Global Head of Quartz, TCS, R Vivekanand. Traditional investors will have confidence in investing in crypto with Quartz TCS and could lead the country-wide crypto journey. Vivekanand added the following:
”We believe Quartz is well ahead of the curve in providing such a solution. That allows customers to transact in multiple cryptocurrencies. And digital assets, backed by best-in-class security features.”
India accepted open-armed blockchain services, but long-standing crypto-suspicions have persisted. As the Crypto community moved forward to give business and investment legitimacy. Such a move away from leading global IT services and business solutions to investor-led corporate trust. And is likely to shape the idea around the country’s cryptocurrencies.