It’s good it’s Google because that means when the US Government takes them down with antitrust and violations of rights, the formulas and algorithms will become government property.
The quantum leap computing has the capacity and ability to take out banking security. Its realization is just another flag on the road to the demise of central banking in favor of decentralized, individualized gold-backed cyber which will unveil a few years down the road.
I don’t see the quantum leap being the end of banking. The current security architecture of the TLS connections (and hence private conversations) relies on the non-factorability of sufficiently large numbers. There are other algorithms that can be used to generate keys that are not as susceptible (if at all) to quantum computing. They’re just going to have to swap out the entire key generating mechanism. But I can’t see the business model of banks ceasing to exist.
They’re all exploring the blockchains and crypto currencies themselves. Facebook and it’s cryptocurrency? Never.