Google’s Upcoming L1 Blockchain for Finance: How It Compares to L1s From Stripe and Circle

Google’s Upcoming L1 Blockchain for Finance: How It Compares to L1s From Stripe and Circle

Rich Widmann, head of Web3 strategy at Google, outlined on Tuesday how his firm's upcoming layer-1 blockchain for finance differs from Stripe's Temp and Circle's Arc.

Google Confirms GCUL Is a Layer-1 Network

Google Cloud has confirmed that its in-house blockchain project, called the Google Cloud Universal Ledger (GCUL), is a Layer-1 blockchain designed to support digital payments and asset tokenization.

Google Reveals Layer-1 'Universal Ledger' Plans as Circle, Stripe Prep Rival Chains

Google is building a "performant, credibly neutral" layer-1 blockchain, but industry observers worry that the tech giant's existing interests could compromise that neutrality.