Bybit\'s European payments subsidiary has secured an electronic money institution licence in Austria, giving it a regulatory basis to add payments and e-money services to its European platform. Bybit said Austria\'s Financial Market Authority granted the licence to Bybit Payments GmbH. The company said this provides a legal basis to offer person-to-person transfers, merchant payment solutions, open banking functions and card products via Bybit.eu for European Economic Area users excluding Malta.

Quantum computing company PsiQuantum is accelerating efforts to build a large-scale quantum computer using photons. It is pursuing an approach that makes chips in existing semiconductor production facilities and connects about 100 cooling cabinets to implement a practical-scale system. Founded in 2016 by four physicists from British universities, the company has raised $1 billion and begun work on a Chicago hub, while preparing a second hub in Australia.