Google reveals major 2029 quantum threat for digital wallets

Google reveals major 2029 quantum threat for digital wallets

By Neo
Publication Date: 2026-03-26 21:42:00

Google has issued a stark warning: the encryption protecting the world’s banks, governments, and personal data could be broken by 2029.

In a report published on March 25, the tech giant urged organizations to prepare for the arrival of powerful “quantum computers.”

These machines use advanced physics to solve math problems that would take a traditional computer thousands of years to complete.

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Google experts Heather Adkins and Sophie Schmieg explained that this 2029 target is based on three main factors:

  1. First is the progress in quantum hardware, which refers to the actual physical machines being built.

  2. Second is error correction, which involves making these sensitive machines more reliable.

  3. Finally, they cited factoring resource estimates, which is a calculation of exactly how much computing power is needed to crack a specific digital code.

The danger is not just a future problem; it is…