Banking Giants Are Getting In On Quantum Computing

Banks in the United States of America are making a bet on something new: quantum computing.

What’s happening:

• Quantum Computing Inc (NASDAQ: QUBT) has landed a new purchase order from a leading bank in the United States of America
  

Why it matters:‍

• This is the first time ever that Quantum Computing Inc has struck a deal with a banking institution to deploy their quantum cybersecurity technology
  

Going deeper:‍

• The new deal will explore and validate new research that leverages quantum computing technology for quantum key distribution, quantum authentication and quantum random number generation
  
• Quantum Computing Inc’s quantum communication systems are purpose built to be easy to integrate into telecommunications infrastructure and can deploy quantum communications over pre-existing fibre optic networks
  

The intrigue:‍

• Leveraging quantum computing technology for securing payments has continued to be a major theme in the public markets, with BTQ Technologies (CBOE: BTQ) just recently unveiling their Quantum Stablecoin Settlement Network to launch a new quantum secure platform for banks and stablecoin issuers