India's information technology services company Tata Consultancy Services (TCS) has announced that its cryptocurrency operations have increased in recent months boosted by strong demand for digital services during the COVID.
<h2><strong>TCS Sees Surge in Its Crypto Operations</strong></h2>
According to local media <a href="https://economictimes.indiatimes.com/markets/cryptocurrency/tcs-says-seeing-very-good-deal-wins-from-cryptocurrency-space/articleshow/86871788.cms" target="_blank" rel="nofollow noopener">publications</a>, India’s multinational and consulting company Tata Consultancy Services saw “good wins this quarter in the crypto space" by seeing an increase to over 1% in less than three months after the Indian government lifted regulations against cryptocurrencies.

“We saw very good deal wins this quarter in the crypto space,” N. Ganapathy Subramaniam, TCS COO said in a post-earnings press conference.

TCS’s boost is another indication of the rapid growth of the crypto industry in India despite the uncertainties around regulations. Earlier this week, Indian crypto exchange Coinswitch Kuber surpassed India’s largest stockbroker Zerodha in terms of the user base. The crypto exchange now stands at a global level after achieving unicorn status has raised fresh capital from <a href="https://www.cryptoknowmics.com/news/andreessen-horowitz-advocates-for-more-diverse-crypto-governance/">Andreessen Horowitz</a> at a valuation of $1.9 billion

The rapid growth in cryptocurrencies comes due to the increased adoption of the digital asset among Indian investors, particularly, the youth as the country is one of the fastest-growing areas in the world when it comes to the adoption of <a href="https://www.cryptoknowmics.com/news/indias-crypto-market-grew-641-over-the-past-year-chainalysis/">cryptocurrency</a>.
<h2 class="entry-title">Cryptocurrency Trading Solution by Tata Consultancy</h2>
In July, Tata Consultancy Services announced that it has launched a cryptocurrency trading platform called Quartz Smart Solution for institutional investors. The platform supports multiple cryptocurrencies, digital assets, digital coins linked to fiat currencies, trading channels, and public blockchain networks.

Developed in collaboration with blockchain startup Quartz and incubated by TCS, the Smart Ledgers product consists of ‘Smart Solutions,’ a set of distributed ledger technology for businesses across industries; ‘Quartz DevKit’ a low code smart contract development platform; ‘Quartz Gateway’ for integrating existing solutions with varied ecosystems and ‘Quartz Command Center’ for administering and monitoring the ecosystem.

Indian Tech Company TCS Sees Surge in its Crypto Operations

India's information technology services company Tata Consultancy Services (TCS) has announced its crypto operations have increased in the recent months.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Indian Tech Company TCS Sees Surge in its Crypto Operations

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