Bank of Canada using quantum computing to simulate crypto adoption scenarios

04/14 10:35

According to Decrypt, the Bank of Canada has become the first G7 country to turn to quantum computing to simulate scenarios where cryptocurrency and fiat currency can coexist. It combines blockchain data from stablecoin Tether (USDT) and public data from up to 10 major financial institutions. Most scenarios in the model showed that non-financial institution adoption of the cryptocurrency would be slow, since there was some upfront knowledge and cost associated with converting fiat to a digital asset.
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