HashCash launches HC Market Maker in Europe
HashCash offers crypto exchange solutions, Payment processor software, ICO services, and customized Blockchain use case development.
HashCash Consultants has debuted its HC Market Maker solution in the European financial market to provide the best conversion deals in an open forex marketplace.
HC Market Maker caters to banks, exchanges, and financial institutions dealing in forex as well as digital assets, having already partnered with more than 60 FIs with operations across 5 continents, the firm stated.
Pricing and liquidity in Forex and Crypto
The financial instrument is also used to gain liquidity among banks not maintaining Nostro Accounts among themselves as the tool automatically selects the most profitable forex rates for the currency pair in between.
Raj Chowdhury, Chief Executive Officer at HashCash, commented: “The HC Market Maker is a beneficial tool for both crypto and forex. Targeted at exchanges and banks to help them get profitable deals in an open marketplace, it is also effective for wallet service providers for market expansion and deal extension.”
“Blockchain innovations have been integral to the recent advancements in modern banking and financial systems. HashCash’s unique expertise in blockchain, cryptocurrencies, and forex has resulted in global financial institutions utilizing its products for better leverage”.
The company also offers blockchain solutions for crypto trading exchanges, supply chains, medicare, gaming, and digital identities. HashCash runs a US-based digital asset exchange, PayBito and a Digital asset payment processor, BillBitcoins.
HashCash offers crypto exchange solutions, Payment processor software, ICO services, and customized Blockchain use case development.
White label solution in Portugal and Australia
The firm has recently agreed to provide its white label solution to a digital asset exchange based in Portugal, a country that is widely considered a tax haven for crypto assets as there is no capital gains tax for this asset class.
The tax framework in Portugal has driven many crypto enthusiasts to leave their jurisdictions and start a new life in the south European country.
An Australian firm has also hired HashCash for its white label platform for digital assets. Australia is set to launch its new regulatory framework for payments, which includes crypto, in a huge win for the emerging industry.
Ruud Feltkamp, CEO of cloud-based automated crypto trading bot Cryptohopper, said: “(Reasonable) regulation is good for the market, and it’s positive to see Australia speak out. Governments must understand that crypto will be impossible to stop, and you will miss the boat as a country if you do not cooperate. Therefore, if you strongly oppose crypto, there is a chance that the large crypto companies will relocate elsewhere. And payment traffic will soon go through other countries. I hope nations understand that now is the time to do something about the status quo. That gives you the potential to profile yourself as a new financial hub, with all the associated benefits.”
