THELOGICALINDIAN - Indias technology consulting juggernaut started to action blockchain and cryptocurrencyrelated casework with the abeyant to bandy some of its halfmillion agent workforce abaft the initiative
India’s better bunch IT casework company, Tata Consultancy Casework (TCS), has appear the barrage of a new artefact to advice banks action cryptocurrency-related services. The new artefact is alleged Quartz and was appear via an official press release by Tata Group.
Quartz marks the aboriginal access of TCS into the apple of cryptocurrencies. According to TCS, Quartz is advised to abutment assorted cryptocurrencies and stablecoins which can be affiliated to authorization currencies, trading platforms, and accessible blockchain networks, appropriately accouterment a complete end to end cryptocurrency band-aid to their clients.
Additionally, Quartz can additionally advice banks and advance firms action their barter the adeptness to alteration payments in the anatomy of ‘digital cash,’ and account from lower transaction costs and quicker admission to liquidity.
“Cryptocurrencies, agenda authorization currencies, and agenda assets are assertive to become applicable alternating avenues for investments, hedging, and portfolio diversification. Progressive banking institutions are attractive to accommodate these options to their clientele. We are aflame to action them our robust, defended and scalable band-aid for trading, storing, and alteration of these assets,” said R. Vivekanand, Global Head of Quartz at TCS.
Quartz as a artefact is advised to be leveraged by banking institutions and their barter and not the accepted public. Some notable audience of TCS are Bank Of America, JP Mogan Chase, Citibank, Royal Bank of Scotland, Barclays, Morgan Stanley, HSBC, SBI, HDFC Bank, and ICICI Bank. Despite actuality an Indian company, it’s cryptic whether TCS will be alms Indian banks admission to Quartz.
Considering the admeasurement and ambit of TCS, this is a big accord for cryptocurrency adoption. As of 2020, Tata Consultancy Services had about half a actor employees that it can bandy abaft its blockchain initiative.
