India: TCS to Connect Banking System with RippleNet

A blockchain-based, cross-border remittance solution has been developed by Indian IT giant Tata Consultancy Services (TCS). TCS BaNCS then commented, “The Quartz Gateway seamlessly connects the TCS BaNCS Payments system to the blockchain based Payments platform using APIs, and supports services related to FX Quote finalization and debit/credit of beneficiary accounts.” Though its been more than a decade since blockchain entry, most Bank till now have entered into pilot projects only.

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