fintech

Quantum Computing Advancements Expected to Impact Fintechs, Digital Economy According to IBM Executive

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TL;DR:

Quantum computing is standing out as a transformative force poised to redefine industries from finance to digital banking. A recent update from Citi (NYSE: C) provides key insights from Noelle Ibrahim, IBM Quantum’s Technical Client Advisory Executive.

Key Points:

  • Quantum Computing Advancements Expected to Impact Fintechs, Digital Economy According to IBM Executive
  • Related to defi in the crypto space

    • Background:

    Decentralized Finance (DeFi) refers to financial services built on blockchain networks that operate without traditional intermediaries like banks. DeFi protocols enable lending, borrowing, trading, and earning yield on cryptocurrency assets through smart contracts.

    Why It Matters:

    DeFi represents a fundamental reimagining of the financial system, offering permissionless access to financial services globally. DeFi developments impact how value is exchanged, stored, and utilized in the crypto ecosystem, driving innovation in financial products and services.

    Quantum Computing Advancements Expected to Impact Fintech... | NewsCR