HashCash Consultants to Invest $10 Million in the Indian Crypto Industry in 2020

News / 08.03.2020

A global blockchain software company, HashCash Consultants is planning to invest $10 million in the recently revived Indian blockchain and cryptocurrency economy in 2020.

The announcement follows India’s Supreme Court’s verdict on cryptocurrencies which lifted the ban imposed on them by the RBI. The landmark verdict led to HashCash’s announcement of major investment plans, which includes the Indian crypto industry.

According to the CEO of HashCash Consultants, Raj Chowdhury, India’s Supreme Court verdict is better late than never. He said it is a historic judgement made by the Court that puts India back in the global crypto map. He said the reinstating of crypto activities has paved way for an entire geography, for fresh partnership and ventures for the global players.

Chowdhury added that, with the crypto market displaying bullish trends, their decision could not have come at any better time. The company is looking forward to boosting the Indian economy by expanding operations and nurturing startups in the country.

HashCash Consultants is the parent company that runs a U.S.-based digital asset exchange, PayBito and digital asset payment processor, BillBitcoins. The company offers exchange and payment processor software solutions, ICO services and other customized use cases.

HashCash has strong network of partners across the world, including global banks and financial institutions. The company is currently planning to focus its network expansion in Africa, India and UAE.

Featured image courtesy of Shutterstock. Source: Cryptopress.

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Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it did not take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject.