It has been specified by the firm that the main purpose of designing this solution is to provide support to different cryptocurrencies and stable coins. Along with this, it will also provide support to digital currencies which are linked to fiat currencies and different public blockchain networks. This will ultimately provide choice and flexibility to the customers of the firm.
In the announcement made by TCS, it has been mentioned that the Quartz Smart Solution of the firm has been developed with a best-in-class hardware security module. The main purpose of this hardware security module is to keep a check on the authenticity and security of the transactions.
R Vivekanand, Global Head of Quartz, TCS has shown his excitement for offering these secure and scalable solutions to their clients. He said that,
“we believe Quartz is well ahead of the curve in providing such a solution that allows customers to transact in multiple cryptocurrencies and digital assets, backed by best-in-class security features.”
The main purpose of these smart solutions is to help different organisations to set up a connected ecosystem. Quartz solutions are going to completely redefine the way in which the organisations will be collaborating with each other in a connected ecosystem. This has been considered as quite a great move by an Indian firm for the Indian crypto community. Nischal Shetty, the founder of WazirX has said that releasing crypto trading solutions should be considered as a great move by TCS. He further said that it is simply going to promote crypto innovation across the country.
I'm glad to see a large Indian company building on Crypto innovation
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