Google Cloud Challenges Ripple, Stripe, Circle With L1 Blockchain

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Google Cloud launches Blockchain Layer-1 for financial institutions, takes Ripple, Circle and Stripe in payments.

Google Cloud, Rich Widmann, shared new details about Blockchain, called Google Cloud Universal Ledger (GCUL), on August 26 LinkedIn.

“GCUL has years of research and development in Google to provide financial institutions with a new layer 1, which is neutral with the credibility and offered snake -based smart contracts,” Wadmanman wrote.

“Besides bringing Google’s distribution, GCUL is a neutral brown infrastructure.” “Tether Blockchain’s Circle will not use – and may not use Adyen Blockchain Stripe. But any financial institution can build with GCUL.”

By moving to Blockchain infrastructure, Google Cloud sets itself to compete for financial bars that can form the future of payments. It may be at stake that ultimately controls the backbone of digital financing: the technology giants in force or encryption pioneers.

Google Cloud also wrote in an official Blog post GCUL “simplifies the management of commercial bank account accounts and facilitates transfers through the distributor’s book, and enabling financial institutions and brokers to meet the requirements of their most distinguished customers and effectively compete.”

Increase the number of companies that launch their own groups amid the increasing regulatory clarity

Google Cloud is the latest company to announce to its Layer-1 Blockchain. The US currency export circle (USDC) and the giant payment tape are among other things, for similar developments in recent months.

This is that the Web3 industry is gaining more organizational clarity in the United States under Trump’s management.

Widmann also shared a Google Cloud table with Arc’s Arc and Stripe’s Tempo Blockchains.

GCUL comparative schedule with bow and rhythm (Source: LinkedIn)

According to the table, the Blockchain network of Google Cloud will benefit from the current user base for the technology giant from “billions of users” and “100s of institutional partners”.

Its main competitive goal is to become the clock infrastructure provider throughout the week for global capital markets. The team will also look to expand payments and enable the agency’s capabilities through its series.

Google Cloud Blockchain was described as a special system and a “permission system” in the blog post. However, I said it might make the network “more open with the development of regulations.”

This closed nature has extracted criticism from the viewers and web3 who argue that the network principles are inconsistent with the decentralized values of society.

“It is an ear series, run by an American company with close relations with the government,” one of the X users He said. “I do not think that these people understand the meaning of” neutral with credibility “in the context of Blockchains, because this is literally unlike” neutral with credibility. “

The CEO of Starknet El Ben-Sasson also commented on the project. In response to X Publishing about Blockchain, he said he believed that companies that create their first layer chains will not do so.

I think the companies doing L1s are NGMI. Including a rule. I know this is a controversial opinion. But I remind you, I said the same thing about Dim (for those who remember it).

Johr bin Sasson Starknet.io (Elibensonon) August 27, 2025

Google Cloud will enable Python smart contracts

ETHEREUM has enjoyed the first engine feature in the market since its establishment in July 2015, as it was the first distributor’s book to make programmers of programmers create decentralized applications (DAPS) on Blockchain.

Many financial institutions have used this ability to explore how to use them to create new financial products.

According to Defillalama, Ethereum still explains the majority of the value that is imprisoned in the Blockchain space. About 94.261 billion dollars in the total closed value (TVL), at ETHEREUM currently 60.41 % of the market.

TVL collapse by Blockchain (Source: Deville))

The largest market share goes to Solana, as TVL is $ 11.231 billion, at 7.2 % of the value currently preserved on Blocchains.

However, ETHEREUM smart contracts work in a new programming language called hardness. Many software developers have learned how to write smart contracts using hardness, but the need to learn a new program that offers an obstacle to adoption.

Google Cloud will address this problem by enabling developers to write smart contracts using Python, one of the most popular programming languages and widely used worldwide.

According to Cases of surveyBethon was the third most popular programming language from July 2024, with 51 % of the 60,171 respondents showed a preference for biton, while only 1.1 % of hardness is preferred.

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