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The David Lin Report · Friday, July 10, 2026

Banks Face Urgent Need to Transition to Quantum-Safe Systems

Andrew Cheung advises banks and financial institutions that they must begin migrating their systems to become quantum-safe, affecting everything from communication to data storage. He emphasizes that this transition is complex and requires proactive planning and investment in quantum-safe solutions.

personAndrew Cheung

The tape

3 quotes
So, um, for banks and financial institutions, it's definitely a big concern. Um, and they have to start thinking about, you know, migrating their systems to be quantum safe.
And, and it's not just about the, um, the the blockchain technology. It's about, you know, all the, um, um, the communication, the encryption, the, um, the data storage, you know, all of that.
It's a transition. It's not something that can happen overnight. So, um, they have to start planning and, and, you know, investing in, in, in, in quantum safe solutions.
Heard on The David Lin Report — “All Crypto To $0? Bitcoin’s Biggest Risk Is Arriving Faster Than Expected | Andrew Cheung, published Friday, July 10, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.05