{"id":220145,"date":"2021-04-06T15:48:16","date_gmt":"2021-04-06T12:48:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/indian-it-giant-tech-mahindra-to-launch-stablecoin-tool-for-banks\/"},"modified":"2021-04-06T15:48:16","modified_gmt":"2021-04-06T12:48:16","slug":"indian-it-giant-tech-mahindra-to-launch-stablecoin-tool-for-banks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/indian-it-giant-tech-mahindra-to-launch-stablecoin-tool-for-banks\/","title":{"rendered":"# Indian IT giant Tech Mahindra to launch stablecoin tool for banks"},"content":{"rendered":"<p>&#8220;<strong># Indian IT giant Tech Mahindra to launch stablecoin tool for banks <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvOWQxMDU5NTItOWRlNC00OGZkLTkxNTUtYThmOWJmOTEzMzFlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Indian multinational <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions.<\/p>\n<p>The tech giant <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.techmahindra.com\/en-in\/stable-as-a-service-blockchain-solution-with-quantoz\/?utm_source=Twitter&amp;utm_medium=Social%20Media&amp;utm_campaign=PR\">announced<\/a> Monday that it has entered into an agreement with Dutch blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication incubator Quantoz to launch a \u201cstablecoin-as-a-service\u201d tool to reduce transaction costs and processing times.<\/p>\n<p>The new collaboration targets potential clients from the banking and financial sector as the United States\u2019 Office of the Comptroller of the Currency\u00a0officially allowed federally chartered U.S. banks to use public blockchains and stablecoins for settlements in January 2021.<\/p>\n<p>Rajesh Dhuddu, blockchain and cybersecurity leader at Tech Mahindra, said: \u201cThe recent OCC announcement promoting the use of stablecoins for the settlement of financial transactions by banks will spur demand and drive innovation in global payments.\u201d\u00a0<\/p>\n<p>As part of the strategic collaboration, Tech Mahindra will help customers integrate Quantoz\u2019s Nexus transaction processing platform into their legacy infrastructure. The platform supports both fiat and cryptocurrencies, offering multiple functions including remittances, payments, loyalty and treasury management.<\/p>\n<p>The new partnership marks another milestone in Tech Mahindra and Quantoz\u2019s cooperation as the companies previously <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.techsutram.com\/2019\/10\/ech-mahindra-with-quantoz-blockchain-as-service-secure-payments.html\">collaborated<\/a> on blockchain-based digital payments. \u201cWe look forward to bringing our solution to new U.S. customers together with Tech Mahindra as we have previously successfully cooperated on other projects,\u201d Quantoz chief business development officer Henri de Jong said.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/indian-it-giant-tech-mahindra-to-launch-stablecoin-tool-for-banks\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Indian IT giant Tech Mahindra to launch stablecoin tool for banks &#8221; Indian multinational technology firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions. The tech giant announced Monday that it has entered into an agreement with Dutch blockchain application incubator Quantoz to launch a \u201cstablecoin-as-a-service\u201d tool to reduce&#8230;<\/p>\n","protected":false},"author":1,"featured_media":220146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvOWQxMDU5NTItOWRlNC00OGZkLTkxNTUtYThmOWJmOTEzMzFlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75159,74889,75493,71939,71511,17318,74688,4965,67874],"class_list":["post-220145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-digital-currency","tag-payments","tag-stablecoin","tag-banks","tag-government","tag-india","tag-partnerships","tag-technology","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/220145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=220145"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/220145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/220146"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=220145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=220145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=220145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}