Crypto Quantum Leap

 D-Wave and Mastercard Make a Quantum Leap Into The Future Of Financial Services, Exclusive

D-Wave Hardware Inc., a pioneer in quantum computing systems, software, and services, Mastercard Inc. MA, and DPCM Capital Inc. XPOA merger partner today announced a multi-year strategic agreement to promote the acceleration and adoption of quantum computing solutions.

The development of quantum-hybrid applications in fields including customer loyalty and incentives, cross-border settlement, and fraud monitoring will be a joint effort between Mastercard and D-Wave.

"We are introducing the next generation of computers. According to Alan Baratz, CEO of D-Wave, "We believe that quantum will have a far-reaching and industry-disrupting influence, notably in the financial services sector, similar to the birth of the PC, the rise of the internet, the spread of smartphones, and voice assistants.

In order to provide real-time access to quantum applications securely and reliably enabled by Mastercard's network, the cooperation will deploy D-annealing Wave's quantum computers and quantum hybrid solvers through the LeapTM quantum cloud service.

"People need experiences that are highly individualized. According to Ken Moore, Chief Innovation Officer of Mastercard, "Quantum computing's special capacity to assess enormous quantities of possible combinations can give optimum solutions that will increase efficiency and enable choice." Our collaboration with D-Wave will investigate all possible uses of quantum computing in realistic, real-world financial services.

According to Baratz, D-Wave and Mastercard share the goal of using technology to improve both business and society.

According to him, the alliance "supports that vision by delivering quantum innovation that will tackle increasingly complex problem sets across applications like optimized loyalty programs, fraud management, and anti-money laundering in financial services and, ultimately, unlock more value for customers."

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