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India's largest IT service provider joins RippleNET


Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

I have studied a wide range of technologies and applications of distributed ledger technology.

Tata Consultancy Service (TCS) , India’s largest IT services company, has announced the joining of the distributed ledger-based financial communication network RippleNET .

By leveraging Ripple’s technology, the company can dramatically reduce the time and money of international remittance services and make it easy for customers to track transactions.

TCS already operates its own payment system ” TCS BaNCS “, with more than one billion customer accounts. The company’s major customers include General Electric and Citibank , UK .

In order to connect TCS BaNCS and ripple net seamlessly, the company says that it will introduce a gateway service called ” Quartz Cross Border Remittances “.

By doing this, TCS BaNCS customers will be able to enjoy the benefits of RippleNet without having to go through a special new process when using services.

Ripple Net added a UK foreign exchange service provider, RationalFX, as a member as of 4th this month, and it has been known that the company will develop an international remittance service using xCurrent.

RationalFX announces international remittance service using Ripple’s xCurrent

Article Source: TCS Press Release

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Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/tcs-joins-ripplenet/

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