Multiverse and BASF Partner to Research Quantum Use for Foreign Exchange Optimization

Quantum Computing Report a month ago

At first glance you might wonder why BAS F, a large chemical company, would be working with Multiverse Computing  to use quantum computing for a financial problem. But on closer look, you would see that BASF is a giant company with 2021 revenues of €78.6 billion ($78.2B USD) and operates in over 190 countries. So they need to convert currencies in their operations all the time and even small improvements in the exchange rates that they can achieve could be worth a lot of money. 

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