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Bits to Qubits: Quantum Computing Rewrites Global Finance A look into how quantum computers will reshape the future of finance By Miyoko Shimura Originally published on Medium Remember when mobile banking seemed revolutionary? For us (millennials), the idea of transferring money through our mobile phones seemed almost like science fiction when we were kids. The events of 2008 are still fresh in memory. The financial crisis shook people’s faith in traditional financial systems. In the same year, anonymous developer Satoshi Nakamoto introduced the idea of Bitcoin which enables us to make peer-to-peer transactions without the need for intermediaries, all recorded on a public ledger. Recent developments in quantum computing are now promising another revolution in finance. Unlike classical computers that use bits (0s and 1s), quantum computers utilize quantum bits or “qubits.” Through quantum mechanical properties like superposition and entanglement, qubits can exist in multiple possibilities simultaneously, enabling quantum computers to process vast amounts of information in parallel. Key highlights from the full article:

How quantum computing could create $622 billion in value for the financial sector by 2035 The surge in quantum computing investments by major financial institutions Critical applications in fraud detection and risk assessment The impact on cryptocurrency and blockchain security

[Read the full article on Medium to learn more about how quantum computing is reshaping global finance and what it means for the future of cryptocurrency.] This article is part of our premium content on Medium. Members get unlimited access to deep dives into finance, technology, and cryptocurrency.

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