TL;DR Breakdown
• The crypto solutions company has increased its crypto operations to more than one percent of total.
• TCS outperforms India’s largest brokerage company in crypto adoptions.
India’s tech services company TCS announces that its crypto operations have increased in recent months. Tata Consultancy Services believes that enthusiasts are emerging after the Indian government lifted regulations against cryptocurrencies.
The crypto consulting firm is pleased to say that its participation in the crypto scheme increased to over 1 percent in less than three months. In this way, Tata Consultancy believes that it is ready to move up to the next level.
TCS targets higher levels with the crypto adoptions growth
TCS releases quite a promising comment regarding the crypto adoption scheme in India. The consulting company feels that the Indian government is opening up to new technologies, so its operations are moving to new levels. Tata even beat the largest brokerage company in the country in trading flows, occupying a high position among users.
India has long traded cryptocurrencies, but in recent months its share has increased. This is because tokens like Bitcoin increased in price, which sparked an adoptions wave in India and other countries.
TCS took advantage of this boom in crypto adoptions in the country, so it launched several solutions for investors to take advantage of. Since August, Tata’s valuation has increased in the country, allowing its market capitalization to rise to 1.1 percent.
Know more about India’s crypto landscape
The TCS company has recognized the great change of the crypto landscape in India and other companies such as Coinswitch Kuber. This country-based crypto exchange platform in South Asia has boosted its capital to more than $1.9 billion in recent weeks.
Although the crypto scheme looks promising in India, some companies doubt its stability, considering that regulators make unstable decisions. India regulators said that cryptocurrencies are not trustworthy currencies; therefore, they do not approve of them. However, another part of the regulators affirms that the credits must be submitted to function correctly in the country.
While the crypto landscape in India is still uncertain, companies like TCS are profiting from such eventual adoptions among their citizens. The company is committed to the virtual market, and that is why it will continue working to create other solutions that benefit users.
Among the latest announcements, the RBI in India is still working on launching its stablecoin based on Blockchain technology. India earns the spot as the top country using Bitcoin, Ethereum, and other quality cryptos. The virtual market may continue to rise in the coming months after the boom that BTC has caused in its price.
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