Google Launches Cross-Border Payment Platform, Challenging the Dominance of Ripple and Stripe?

Updated

August 28, 2025

Gambar Google Launches Cross-Border Payment Platform, Challenging the Dominance of Ripple and Stripe?

Jakarta, Pintu News – Google Cloud recently announced the launch of Google Cloud Universal Ledger (GCUL), a Layer-1 blockchain platform designed for cross-border payment settlement.

This move marks Google’s serious attempt to compete with existing market players such as Ripple, Stripe, and Circle. With features that promise convenience, flexibility, and security, GCUL is expected to change the competitive map in the global payment infrastructure.

Check out the full information below!

GCUL: Google Innovations in Blockchain

Google Cloud Universal Ledger (GCUL) is Google’s latest breakthrough in the blockchain and crypto industry. With a focus on financial institutions, the platform offers Python-based smart contracts that are easy to integrate.

gcul cross border payment — Source: LinkedIn

Rich Widmann, Head of web3 Global Strategy at Google Cloud, emphasized that GCUL is superior to the solutions offered by Stripe and Circle, thanks to its neutral infrastructure and Google’s wide distribution. The platform is currently operating on a private testnet network, a collaboration with CME to test tokenized assets.

With its three main characteristics of ease-of-use, flexibility, and security, GCUL is expected to be the top choice for financial institutions looking to expand their operations globally.

Competition in the Tokenization Market

The tokenized asset market has experienced significant growth, with Ripple’s XRPL infrastructure registering a 2,260% growth in tokenized RWA assets.

By entering this arena, Google is not only competing with Ripple but also challenging traditional players who are taking an interest in blockchain technology. For instance, Singapore’s largest bank, DBS, recently announced plans to bring tokenized structured notes to Ethereum .

GCUL’s presence is expected to accelerate the adoption of tokenized assets among traditional financial institutions. With a platform designed for security and ease of integration, GCUL offers an attractive solution for banks and financial institutions looking to utilize blockchain technology for their product and service innovation.

Google Strategy and Distribution

One of the key advantages of GCUL is its integration with Google’s vast infrastructure, which allows for rapid distribution and adoption across the globe. Google has increased its investment in the crypto sector by increasing its stake in CleanSpark, a Bitcoin mining company.

This shows Google’s serious commitment in developing reliable and scalable blockchain-based solutions. With support from Google Cloud, GCUL is expected to not only strengthen Google’s position in the blockchain market, but also provide added value to users by offering a more efficient and economical solution for cross-border payments and asset settlement.

Conclusion

With the launch of Google Cloud Universal Ledger (GCUL), Google is not only expanding its scope of services but also establishing a position as a key player in the global payments industry. This platform, with Google’s technological advantages and distribution network, is expected to bring significant changes in the way financial institutions conduct cross-border transactions.

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