HashCash Aims to Contribute to the Global CBDC Wave with CBDC Consulting Services

By Cindi Choi.
Updated Jul 25, 2022

PALO ALTO, Calif. (PRWEB) July 25, 2022 - One of the top blockchain development companies in the world, Hashcash Consultants has maintained a consistent presence in blockchain innovations across multiple continents. The US-based firm plans to extend and utilize its expertise in cryptocurrencies and the underlying blockchain technology in a consulting and advisory capacity for CBDC-development projects across the world.

CBDC-based research has been going in full swing across most nations with developed economies. China emerged as the global leader by introducing the Digital Yuan a few years ago. Other governments followed suit including India, Russia, the European Union, and the US. Each nation is seeking viable CBDC solutions built upon its fiat monetary structure.

HashCash CEO and blockchain pioneer Raj Chowdhury states, 'Crypto paved the way for the world to take notice of blockchains potential in improving the global economy through better financial inclusion and transparency. CBDCs are a digital manifestation of currency backed by the central banks, using the same technology.

Digital tokenization of sovereign currency had been long foreseen as an economic challenge. However, the success of cryptocurrencies in cross-border transactions have been an eye-opener to central banks and policymakers around the world. Over 86% of the world's central banks have already delved into CBDC research with some nations already announcing the prospective release dates of their national CBDCs. HashCash empowers organizations with efficient strategies, and proficiency in the core blockchain technology, reinforcing the resilience and security of CBDC development systems.

While there have been detractors addressing concerns about privacy concerns, the crypto community would benefit if governments allow the coexistence of CBDCs and cryptocurrencies, and implement regulatory frameworks without hampering the spirit of innovation, commented Chowdhury, who had previously expressed his opinion on blockchain analytics and the need for implementing appropriate security measures in the crypto sector.

HashCash has been recognized as a leader in blockchain development having products and services deployed in more than 26 nations. The organization is currently extending its presence on a global scale expanding its development center in the middle east. The company also plans on establishing an all-new HashCash Park, investing over US$10 million spread over 2 acres of land in Bengal Silicon Valley, Kolkata. HashCash's white label crypto exchange solutions are globally recognized finding uses in top financial institutions and organizations from the banking and fintech sector.

The exponential increase in global blockchain implementation has propelled the use of CBDCs along with cryptocurrencies. Businesses looking forward to leveraging opportunities in the digital revolution will benefit from the regulated and structured network with better transparency and trust.

HashCash is a global software company. HashCash Blockchain products enable enterprises to move assets and settle payments across borders in real-time for Remittances, Trade Finance, Payment Processing, and more. HashCash runs a US-based digital asset exchange, PayBito & digital asset payment processor, BillBitcoins. HashCash offers custom exchange and payment processor software solutions, ICO services, and customized use cases. HashCash propels advancement in technology through Blockchain1o1 programs and its investment arm, Satoshi Angels. HashCash offers solutions in AI, Big Data, and IoT through its platforms, products & services. HashCash solves the toughest challenges by executing innovative digital transformation strategies for clients around the world.