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#Google Cloud Unveils L1 chain GCUL
Google Cloud's New Blockchain Initiative: GCUL
We're all used to hearing about blockchain in association with cryptocurrencies. But Google Cloud has taken a slightly different approach and developed a specialized Layer-1 blockchain for financial institutions: Google Cloud Universal Ledger (GCUL). This platform aims to make payments, tokenization, and reconciliation processes faster, more secure, and more cost-effective for banks and financial institutions. GCUL is seen as an alternative to solutions like Stripe Tempo, Circle Arc, and Ripple. Its key difference lies in its use of Google's cloud infrastructure, its neutral approach, and its focus on financial institutions. Google has already begun testing GCUL with major players like CME Group. Trials will continue throughout 2025, with plans to expand to wider institutions in 2026.
GCUL caters more to banks and financial institutions than individual crypto users. This move by Google Cloud could pave the way for faster and more transparent financial transactions in the future.