Blog_2Blog_2Blog_2Blog_2
  • CRYPTO NEWS
    • Daily Crypto News
  • TOPICS
    • Futures Trading
    • Crypto Basics
    • Defi
    • Metaverse
    • NFT
    • Blockchain
  • CRYPTO VERSE
    • Personal Finance
    • Cryptocurrency
    • Price Predictions
    • Crypto Deep Dives
  • PRODUCT
    • Tutorials
    • Product Features
    • Security Compliance
  • COINDCX
    • Announcement
    • Community
    • Crypto Competition
    • Listings
    • Opinion
    • Stories
Visit CoinDCX
✕
            No results See all results

            Cryptocurrency Adoption – TCS Launches Solutions to Help Institutions Offer Crypto Trading

            July 14, 2020
            bar charts with India's wheel and cryptocurrency symbol

            Snapshot

            • TCS announced Quartz Smart Solution for Crypto Services.
            • Huge step for India towards its Crypto adoption along with CoinDCX’s #TryCrypto Initiative.
            • Sumit Gupta, CEO, CoinDCX reiterates support towards ‘Atmnirbhar Bharat’.

            The excitement was palpable in the ‘cryptosphere’, when Tata Consultancy Services (TCS) announced that they were launching Quartz, Smart Solution for Crypto Services, a digitally-powered offering meant for banks and investment firms that offer cryptocurrency trading to their clientele. 

            The announcement, which was published as a press release, described the solution as being designed to support various cryptocurrencies as well as stablecoins. Additionally, the press release stated that this solution would come in handy for banks and investment firms’ clients and amplify the ability of transferring payments in minimal time and benefit from lower transaction fees. 

            The press release explained that the solution comes integrated with various features such as a hardware security module that enables cryptographic signing of each transaction, which would ensure security and authenticity. The features would include multi-signature wallets with an in-built authorization engine that enables configurable transaction approval policies, blockchain forensic checks, auto reconciliation, and compliance alerts, exchange and OTC desk connectivity, and audit capabilities, among others, it ensures that a transaction is executed only after proper validation.

            Additionally, given that there is regulatory uncertainty surrounding cryptocurrencies and RBI, it remains to be seen how this digital banking solution will be incorporated in the financial ecosystem.

            India’s crypto and blockchain space is at a nascent stage.

             While the RBI answered in a Right to Information (RTI) form that users are no longer forbidden to connect their bank accounts to exchanges, there is yet to be an official declaration on the same from the central bank. Post the Supreme Court’s judgment in March this year, CoinDCX was the first Indian exchange to integrate bank transfers within 6 hours!

             Additionally, in a bid to increase crypto adoption, CoinDCX kickstarted the #TryCrypto initiative in a bid to onboard the next 50 million Indians into crypto. For #TryCrypto, we invested nearly $1.3 million, to help further the cause of adoption. 

            The funds will be used towards educational initiatives, seminars, online courses, roadshows and awareness campaigning, meetups, community events, community engagement, and to product trials. 

            This is not the first product from the stable of TCS and Quartz. Last December Quartz had made an announcement that they had launched a DevKit, which would help enterprises build blockchain apps “40% faster”.

            At the time the announcement had said, it would reduce the complexity of underlying blockchain technology and instead provide a code to build and deploy blockchain applications on any preferred platform such as Ethereum, R3 Corda or Hyperledger Fabric. 

            Commenting on the cryptocurrency-based solution,  R Vivekanand, Global Head, Quartz, TCS, said, “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. 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.”

            Conclusion:

            In closing remarks, we would like to say with our Prime Minister, Narendra Modi, sounding the clarion on ‘Going Vocal for Local’, this is another opportunity for India to take the center stage on the global crypto map.  

            Recently, CoinDCX CEO and co-founder, Sumit Gupta penned an article in the well-known publication, Inc.42, where he reiterated about the need for being ‘atmanirbhar’, especially when it comes to cryptocurrencies and crypto asset class. While every business sector adapts to the new normal, one industry has been exemplary in its self-reliance and has experienced growth in the face of adversity—the cryptocurrency sector. Additionally, CoinDCX launched a blockchain and crypto educational platform as part of this initiative, DCX Learn, last month. 

            CoinDCX embodies the principles of ‘atmanirbharta’ as espoused by our honorable Prime Minister as well as blockchain, which is what makes us capable to lead this movement of self-reliance from front and center.

            Conclusion

            In closing remarks, we would like to say with our Prime Minister, Narendra Modi, sounding the clarion on ‘Going Vocal for Local’, this is another opportunity for India to take the center stage on the global crypto map.

            Recently, CoinDCX CEO and co-founder, Sumit Gupta penned an article in the well-known publication, Inc.42, where he reiterated about the need for being ‘atmanirbhar’, especially when it comes to cryptocurrencies and crypto asset class. While every business sector adapts to the new normal, one industry has been exemplary in its self-reliance and has experienced growth in the face of adversity—the cryptocurrency sector. Additionally, CoinDCX launched a blockchain and crypto educational platform as part of this initiative, DCX Learn, last month.

            CoinDCX embodies the principles of ‘atmanirbharta’ as espoused by our honorable Prime Minister as well as blockchain, which is what makes us capable to lead this movement of self-reliance from front and center.

            Share
            0
            CoinDCX
            CoinDCX

            Related posts

            The Future of Web3 From The Co-founders of CoinDCX and YourStory
            May 25, 2023

            The Future of Web3 with CoinDCX and YourStory


            Read more
            April 7, 2023

            Looking Back at Memories and Envisioning the Future as CoinDCX Turns 5


            Read more
            CoinDCX Proof Of Reserves Audit - March 2023
            April 4, 2023

            CoinDCX Proof Of Reserves Audit – March 2023


            Read more

            Recent Posts

            • What is Casper (CSPR)? How To Buy CSPR Token In India?0
              What is Casper (CSPR)? How To Buy CSPR Token In India?
              May 31, 2023
            • 0
              Tether Ventures Into Sustainable Bitcoin Mining Operations in Uruguay
              May 31, 2023
            • 0
              Bitgert Price Prediction 2023: Will BRISE Price Reach $0.0000006?
              May 31, 2023
            • 0
              Bitcoin Technical Analysis: BTC Price Feared To Drop Below $27,000 Again!
              May 31, 2023
            • What are ERC-6551 - The Game Changing NFT Standard Explained0
              What is ERC-6551? The Game Changing NFT Standard Explained
              May 30, 2023
            • The Blistering Growth Of Bitcoin Ordinals Has Reached Over 10 Million Ordinals Inscriptions0
              Bitcoin Ordinals Reaches Over 10 Million Ordinals Inscriptions
              May 30, 2023
            • Blockchain Smart Contracts0
              Smart Contracts on Blockchain: Benefits & Future Potential Explored
              May 30, 2023
            • Beginners Guide to Bitcoin NFTs0
              What are Bitcoin Ordinals? A Guide to Bitcoin NFTs
              May 30, 2023
            • 0
              What is AirSwap (AST)? How To Buy AST Tokens In India?
              May 29, 2023
            • Explainer on Solana and ChatGPT Integration0
              How Solana Blockchain Integrates ChatGPT to Improve Web3 Experience
              May 29, 2023
            • 0
              BTC Price Sees a Surge in Reaching the $28K Mark Following the Debt Ceiling Deal
              May 29, 2023
            • 0
              Polygon Price Prediction 2023: Will MATIC Price Hit $1.5?
              May 29, 2023

            Categories


            • BTC to INR


            • ETH to INR


            • USDT to INR


            • USDC to INR


            • BNB to INR


            • BUSD to INR


            • XRP to INR


            • ADA to INR


            • SOL to INR


            • DOGE to INR


            • SHIB to INR


            • MATIC to INR


            • TRX to INR

            Invest in Bitcoin, Ethereum, & other 200+ crypto assets.
            Download the app now, register & start with as low as Rs.100
            ios download link
            android download link
            qr code for download

            COMPANY

            Security
            Blog
            About
            Careers
            Referral Program

            PRODUCT

            Margin
            Trade
            Futures
            Insta
            Convert
            Lend
            Markets
            API Documentation

            SUPPORT

            Contact Support
            Frequently Asked Questions (FAQ)
            Contact Us

            • Customer Support: [email protected]
            • Team: [email protected]
            • Press: [email protected]

            SOCIAL LINKS

            Icon of FacebookFacebook
            Icon of FacebookTwitter
            Icon of InstagramInstagram
            Icon of TelegramTelegram
            Icon of LinkedInLinkedIn
            Icon of RedditReddit

            Logo of CoinDcx Download our Android/iOS App: CoinDCX Ⓒ All rights reserved by Primestack Pte. Ltd.

            DISCLAIMER

            The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations. Note Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

              Visit CoinDCX
                        No results See all results
                          Go to mobile version