Google Enters the Crypto Space: Launching a New Blockchain to Challenge Ripple and Circle

Facing competition from established players like Ripple, Circle, and Stripe in global settlement infrastructure, Google Cloud has launched its own blockchain solution. GCUL promises simplicity, flexibility, and security for financial institutions, offering an open platform unlike closed-off proprietary systems. The move signifies Google’s expansion into the crypto ecosystem, further evidenced by recent investments in Bitcoin miner CleanSpark.