In a monumental leap for the world of technology, a pioneering quantum computing chip has shattered performance barriers, paving the way for an era of computing power previously thought to be science fiction. Developed by a collaboration of leading tech companies and research institutions, this quantum computing breakthrough is set to redefine the landscape of computing, enabling unprecedented speeds and capabilities that could revolutionize industries across the board. Key Highlights of the Quantum Computing Breakthrough: Unprecedented Processing Power: Traditional computers use bits to process information, represented as 0s and 1s. Quantum computers, on the other hand, leverage quantum bits or qubits, which can exist in a superposition of both 0 and 1 states simultaneously. This inherent parallelism allows quantum computers to perform complex calculations at speeds that would be inconceivable for classical computers. Massive Quantum Supremacy: The newly developed quantum chip achie
Indians travelling abroad may soon be able to use the Unified Payments Interface (UPI) to pay for goods and services there, according to two bankers in the know of the matter. UPI is an inter-bank fund transfer mechanism run by the National Payments Corporation of India (NPCI) and enables instant fund settlement through a smartphone. NPCI is working to enable this feature within the next six months, starting with the United Arab Emirates (UAE) and Singapore.“These two countries already have opened up to RuPay cards; now the target is to enable UPI payments. This will be a big boost for Indians traveling in those countries and, just like their debit card or credit card, they can pay via UPI,” said a senior banker. This is NPCI’s attempt to create a global payment product that can expand the use case of UPI, the banker said. UPI has emerged as a major challenger to card payments, as more and more merchants accept UPI payments. UPI recorded close to 955 million transactions in Septem