Google is working on the Universal Ledger project (GCUL), which may directly compete with Ripple's XRP Ledger. The expected launch is set for 2026.
Parallels Between GCUL and XRP Ledger
According to various analytical sources, the GCUL service will target banks and financial institutions by offering them faster settlements and built-in regulatory compliance. These features overlap with those proposed by Ripple and its XRP token, which is actively used for international transfers.
Differences in Google and Ripple's Approaches
One key difference is that Ripple uses its own framework for XRPL, while GCUL uses Python for smart contracts. This solution is expected to ease application development for banks and large companies. Additionally, GCUL offers fixed monthly fees for services, while Ripple uses a model where costs depend on market demand.
Possible Implications for Ripple and XRP
While GCUL is still in testing, Ripple continues to strengthen its market positions. However, the launch of GCUL could alter the competition dynamics. With institutions like CME Group already exploring GCUL's capabilities for tokenization and wholesale payments, Ripple may face additional challenges in retaining its clients.
As the 2026 launch of GCUL approaches, the perception of Ripple, XRP, and their roles in payments may change. Observing how financial institutions respond to Google's new offerings will be crucial.
