Tag Archive : Crypto Adoption

Qubittech-Taking a leap towards the Quantum Future.

QubitTech Makes a Leap Into The Quantum Future

Quantum computing is still something the public mostly imagines as a part of a popular sci-fi franchise, yet the benefits, principles, and mass adoption of quantum computing have been discussed in scientific circles for over several decades. It’s a common known fact that technological progress speeds up exponentially, thus we can state in all certainty that it is just a matter of time till all the expertise accumulated in Quantum computing over the years changes many areas of our lives. One of the easiest ways to tell that certain technology is about to start booming is to look at the industry’s estimated value. 2019, the value of the quantum computing industry was estimated at $507.1 million. According to forecasts published by experts, the value of the quantum computing industry may exceed 65 billion $ by 2030, and rocket all the way up to 1 trillion $ by 2035 according to McKinsey consulting company.

The race for Quantum supremacy is already going in full power between such tech giants as IBM, Google and Honeywell, whereas all three rivals seem to be going hand in hand constantly overtaking each other revealing more and more powerful solutions. Latest news flash – North Carolina-based conglomerate Honeywell has raised the stakes in the quantum computing race, announcing that its newest quantum computer has reached a quantum volume of 64—making it twice as powerful as quantum computers operated by rivals IBM and Google. First teased in March this year, Honeywell’s new quantum computer is “twice as powerful as the next alternative in the industry,” the company claims. “That means we are closer to industries leveraging our solutions to solve computational problems that are impractical to solve with traditional computers,” it said in a statement.

‘Like a lightning out of blue sky’ would not be a fair idiom to use here, since those who closely follow what’s new in Quantum computing industry know how rapidly it has been developing lately, yet those who don’t and haven’t got any clue about what all these processing power upgrades mean can be struck indeed, by seeing how it can affect real businesses performance. Not just tomorrow, but already today.

So, speaking of real use cases – apparently, QubitTech company is among the first to gain Quantum supremacy over the competition in its field of asset management services. A very curious synergy between the scientific and business worlds has resulted in truly remarkable products offered by the company, setting new standards way above what we used to consider a great financial product.

QubitTech was founded by a group of independent experts in algorithmic and traditional asset management methods and defines its main mission as to provide the user with an effective way to use cryptocurrency assets based on the use of quantum computing (Company has ‘Qubit’ in its name for a reason, since it stands for a fundamental unit of quantum information). QubitTech CEO Greg Limon, also known as a co-founder and shareholder of the Toronto-based DigiMax Global has a truly remarkable background. Greg conducted two successful IPOs, participated in numerous venture projects (Over 2 billion USD fundraised). Greg’s outstanding sense for the market’s needs, creative and fluid strategic planning allowed to personally fundraise over 300 million USD to successfully kick-off numerous startups that now thrive in the global business arena.

Some of you may wonder where quantum technologies used by QubitTech came from. As previously mentioned, outstanding performance delivered by Qubit Tech is a synergy of combined talents brought by experts who mastered various asset management methods represented by Greg Limon and his business partner Per Lind. They drive the process of finding real use cases for what Quantum Computing industry can bring to the table.

Quantum technologies are able to solve specific problems that are impossible to process using traditional approaches of market data analysis as they think in QubitTech. Technology partners of QubitTech have unique quantum developments that were tested and rolled out using IBM’s technological facilities, unveiled an exclusive set of tools based on machine learning methods, quantum algorithms, and quantum neural networks. These tools and methods are already being used by a number of tech giants including QubitTech.

Quantum neural networks are used by QubitTech to generate quantitative market data, whereas quantum algorithms are used to process quantitative data and significantly reduced the time it takes to process raw data into information accurate enough to be successfully used in asset management operations.
Unchallenged success in the area of machine learning allowed QubitTech algorithmic systems to become more sophisticated in terms of adjustable settings available and therefore gradually improve risk to reward ratio indicators.

Like any other successful company out there, QubitTech divides its operational tasks and supervision responsibilities among competent workgroups. Qubi Tech has developed transparent and fluid communication in its corporate structure, which allows the company not just to set the most ambitious goals but also to successfully achieve them within the designated timeframe. QubitTech seems to fully comply with the definition of a ‘FinTech company’ since besides having its expertise in traditional asset management disciplines, and team members with a strong background in the implementation of risk management guidelines, finance consulting, investment banking, and venture investment, the company also heavily relies on the development of its software solutions to ensure maximum effectiveness of market data analysis and management of algorithmic trading systems through the application of AI, BigData, Machine Learning, and many other newest technologies.

QubitTech offers a well-balanced strategy achieved by smart diversification through algorithmic and traditional methods carried out on Bitfinex and Binance exchange platforms, as well as more traditional ways.

To its users Qubit Tech offers digital licences with average monthly bonus of approximately 25%. The other product of Qubit Tech is trading robots, – ‘trend’ and ‘flat’ systems that can be connected through API to Binance or Bitfinex platforms. Qubit Tech website and representatives claim that these trading systems can deliver up to 7% monthly yield which also looks very promising. It seems like using both ‘trend’ and ‘flat’ robots at the same time would bring the best results, and given its impressive returns demonstrated so far should deliver way above its year licence price.

Cryptocurrency industry is still very young and is still quite far away from what we can call mass-adoption, yet companies like QubitTech seem to be stepping up standards of what cryptocurrency products should look like, and will definitely bring new people into crypto space.

Source: CryptoNews

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Travala.com Adds Support to Expedia for Crypto Bookings

Travala.com, a crypto accommodation booking platform announced that it is adding support for Expedia Partner Solutions (EPS), a global B2B partnership brand within Expedia Group.

Travala users can now pay for Expedia through 30 listed cryptocurrencies which include Bitcoin, Ethereum, Binance Coin, and AVA, Travala’s native crypto. EPS allows the rapid application programming interface (API) to be accessed by Travala, which allows the foundation to offer its accommodations to the users. There are over 700,000 Expedia accommodations now available through Travala, which already has more than 2 million hotels in 230 countries. 

Expedia powers the business of leading airlines, travel agencies, top consumer brands, and thousands of other partners. It generally aims to support partners like Travala to scale their business faster than ever before in order to build fantastic experiences for its travelers.

Expedia Senior Vice President Alfonso Paredes said,

“We are passionate about innovation and recognize that booking & payment choice continues to evolve in a fast-changing world.”

Juan Otero is a CEO of Travala explained that the partnership with Expedia comes as a rebound for his travel business from its COVID19 lows. The month-over-month booking revenue of Travala increased, and 13% of bookings were paid through Travala’s AVA token, a crypto equivalent of loyalty points, and airline miles.

Travala also has similar deals with Booking.com, and has added over 90,000 destinations to its platforms. After this partnership, the revenue increase was 33%. It also partnered with TravelByBit, a crypto flight booking service platform. This partnership scaled up the platform to give the best service to travelers wishing for spending the crypto assets.