TCS Crypto Service Solution

“TCS Cryptocurrency Trading Solution is majorly for Banks' Customers.” R Vivekanand, TCS’ Global Head of Quartz   India’s cryptocurrency industry just got a boost when Tata Consultancy Services (TCS) announced the launch of its “Quartz Smart Solution for Crypto Services.” Quartz Smart Solution for Crypto Services aims to help financial institutions offer cryptocurrency trading. Quartz, a startup incubated by TCS, enables existing systems to integrate with blockchain platforms and other messaging networks. It allows banks and investment firms to enable investments and portfolio diversification into cryptocurrencies and digital assets for their clients. The solution is designed to support multiple cryptocurrencies and stable coins, digital currencies linked to fiat currencies, trading venues and public blockchain networks. More 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.” Quartz Smart Solutions is part of the Quartz Smart Ledgers. The other Quartz solutions offered alongside the Smart Solutions are Devkit, which the website describes as smart contract development kits for different blockchain technologies; Gateway, which comprises solutions for integrating existing applications with blockchain ecosystems/networks; and Command Center, which comprises “solutions that facilitate administering and monitoring of the entire ecosystem.” Cryptocurrencies, digital fiat currencies and digital assets are poised to become viable alternate avenues for investments, hedging and portfolio diversification. Progressive financial institutions are looking to provide these options to their clientele. We are excited to offer them our robust, secure and scalable solution for trading, storing and transfer of these assets.” The crypto ecosystem in India continues to grow as the Indian government deliberates on how cryptocurrency should be treated in India. Local crypto exchanges have been reporting record-high trading volumes and new signups. New trading platforms are also launching in the country and, recently, global crypto exchange Binance joined the Internet and Mobile Association of India (IAMAI).