Google previews new security system built for banks

Google is positioning itself as the ultimate gatekeeper of global finance by holding the literal keys to bank assets. Through its new Multi-Party Compute service, banks will split their private cryptographic keys with Google Cloud to authorize transactions. This move forces the world’s largest institutions to rely on a tech giant for their most sensitive security credentials. Is handing Google co-signing authority over global liquidity a genius move or a systemic disaster waiting to happen?
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