🚀 Google Cloud Introduces L1 Blockchain GCUL for Financial Infrastructure
#GoogleCloud #L1blockchain #GCUL #tokenizedassets #CME #Python #smartcontracts #onchaincurrency #financialinfrastructure #capitalmarkets #payments #privateTestnet
According to PANews, Google Cloud has launched the L1 blockchain GCUL, which will utilize Python-based smart contracts. The initiative aims to serve as a neutral financial infrastructure, offering 'native commercial bank on-chain currency,' round-the-clock capital market infrastructure, and payment and agency functions. The plan is to make it accessible to Google's extensive network, which includes billions of users and hundreds of institutional partners.
Currently, GCUL is in the private testnet phase. Earlier this year, a collaboration with the Chicago Mercantile Exchange (CME) was announced to pilot tokenized assets. More technical details are expected to be released in the coming months.#GoogleCloud #L1blockchain #GCUL #tokenizedassets #CME #Python #smartcontracts #onchaincurrency #financialinfrastructure #capitalmarkets #payments #privateTestnet
🚀 Stripe and Paradigm's Tempo Launches Private Testnet for Stablecoin Payments
#Stripe #Paradigm #Tempo #PrivateTestnet #Stablecoin #Payments #GasFees #EVM #Reth #TPS #OpenAI #Anthropic #Coupang #DeutscheBank #DoorDash #LeadBank #Mercury #Nubank #Revolut #Shopify #StandardCharteredBank #Visa #Blockchain
According to BlockBeats, Stripe and Paradigm have launched the private testnet for their payment blockchain, Tempo. Designed specifically for stablecoin and real-world payments, Tempo aims to offer low-cost transactions, support for transferring and paying gas fees with any stablecoin, optional privacy features, and a transaction capacity exceeding 100,000 TPS.
The initial partners for Tempo include notable companies such as Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered Bank, and Visa.
Tempo's applications span global payments, payroll distribution, embedded financial accounts, fast and low-cost cross-border remittances, tokenized deposits with 24/7 settlement, micropayments, and payments for intelligent agents. Built on Reth, Tempo is compatible with the Ethereum Virtual Machine (EVM).#Stripe #Paradigm #Tempo #PrivateTestnet #Stablecoin #Payments #GasFees #EVM #Reth #TPS #OpenAI #Anthropic #Coupang #DeutscheBank #DoorDash #LeadBank #Mercury #Nubank #Revolut #Shopify #StandardCharteredBank #Visa #Blockchain