HashCash Consultants has launched its HC Market Maker solution in the European financial market to provide the best conversion offers in an open forex market.

HC Market Maker is aimed at banks, exchanges and financial institutions dealing in forex as well as digital assets, which have already partnered with more than 60 FIs operating across 5 continents, the company said.

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The financial instrument is also used to earn liquidity among banks that do not maintain Nostro accounts between them, as the tool automatically selects the most profitable exchange rates for the currency pair in between.

Raj Chowdhury, CEO of HashCash, commented, “The HC Market Maker is a beneficial tool for both crypto and forex. Targeting exchanges and banks to help them make profitable transactions in an open market, it is also effective for portfolio service providers for market expansion and trading extension.

“Blockchain innovations have been an integral part of recent advancements in modern banking and financial systems. HashCash’s unique expertise in blockchain, cryptocurrencies and forex has led global financial institutions to use its products for greater leverage ”.

The company also offers blockchain solutions for cryptocurrency exchanges, supply chains, health insurance, gaming, and digital identities. HashCash operates 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 custom Blockchain use case development.

The company recently agreed to provide its white label solution to a digital asset exchange based in Portugal, a country widely regarded as a tax haven for crypto assets because there is no tax on over- values ​​for this asset class.

The fiscal framework in Portugal has prompted many crypto enthusiasts to leave their jurisdictions and start a new life in this southern European country.

An Australian company also hired HashCash for its white label platform for digital assets. Australia is set to launch its new payments regulatory framework, which includes crypto, in a huge victory for the emerging industry.

Ruud Feltkamp, ​​CEO of cloud-based automated cryptocurrency trading bot Cryptohopper, said: “(Reasonable) regulation is good for the market, and it’s good to see Australia speak out. Governments need to understand that it will be impossible to stop crypto and that you will miss the boat as a country if you do not cooperate. Therefore, if you strongly oppose crypto, there is a possibility that the big crypto companies will relocate elsewhere. And payment traffic will soon pass through other countries. I hope nations will understand that now is the time to do something about the status quo. This gives you the opportunity to profile yourself as a new financial center, with all the associated benefits. “