Google Cloud Enters Blockchain Payments Race with New Layer-1 Blockchain

Google Cloud is launching its own layer-1 blockchain specifically for financial institutions. This move positions Google to compete against Ripple, Stripe, and Circle in the growing payments landscape. The new platform, called Google Cloud Universal Ledger (GCUL), leverages Google’s existing infrastructure and user base to offer a competitive solution tailored for financial needs. GCUL boasts enhanced security, neutral infrastructure, and Python-based smart contract capabilities.