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🚀 GOOGLE CLOUD DEVELOPING BLOCKCHAIN SPECIFICALLY FOR PAYMENTS
🟢 Google Cloud is building a new blockchain called Google Cloud Universal Ledger (GCUL), currently in the private testnet phase.
🟢 According to Rich Widmann – Web3 Strategy Director at Google Cloud, GCUL aims to become a neutral and high-performance infrastructure for financial organizations, supporting smart contracts written in Python and integration through a single API to automate payments and manage digital assets.
🟢 GCUL is designed based on a permissioned blockchain model with a focus on regulatory compliance. However, this also raises questions in the community about whether it is truly "decentralized" or not.
>️ Google is stepping deeper into Web3 – will GCUL become the new standard for global digital payments?
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