Google Cloud Universal Ledger. Stablecoins have become an essential tool for any digital activity. Even outside the cryptocurrency sector, where they simplify and secure transactions. However, acceptance, which is accompanied by recurring problems, such as gas costs associated with their blockchains. That’s why the giant cloud Google has just launched a solution called Google Cloud Universal book (GUCU) in order to “simplify commercial bank account administration” and facilitate transfers.
In fact, although they offer many advantages, such as speed and low transactions, Stablecoins face the main challenges for mass acceptance. Among them: regulatory ambiguity, fragmentation of the ecosystem between various blockchains and fears of safety and matches associated with anonymous transactions. In this complex context, Google Cloud decided to intervene.
- Google Cloud launched Universal Ledger to simplify the management of stablecoins and accounts of commercial banks.
- Universal Ledger offers a secure and flexible platform for emitting and managing digital assets with stable transaction costs.
Google Cloud wants to simplify the use of stablecoins
Sector stable It is experiencing significant growth. That to the extent of representation More than 1 % of the total dollars’ total cash offer (M2). And it seems that things calm down, with actors like PayPal or a giant visa who wish Take advantage of this dynamics.
Using these digital currencies supported by traditional currencies remains complex. And that’s exactly what the giant simplifies Google Cloudwith its solution Universal book (GCUL).
Platform presented as Simple, flexible and safe. In order to allow financial institutions and intermediaries to respond to the requirements of their most demanding customers and to deal with the competition effectively.
“GCUL is provided as a service and accessible through a single API, which simplifies integration for several currencies and components. It is no longer necessary to create or manage infrastructure. Transaction fees are stable and transparent and charged monthly (unlike cryptocurination fees that are volatile).
Universal Ledger (Gucu): Innovative payment solutions?
Universal Ledger Solution Google Cloud presents itself as a Simplified and secure platform Designed to manage the entire life cycle of digital assets. This concerned industries such as obligations, funds or even warranty.
It also allows you to emit, manage and edit digital assets in a simple and efficient way. With atomic control capacities that allow reduce and promote better liquidity.
“We are studying the possibility of converting a value with a safe exchange of supported protected assets in the case of bankruptcy, such as central bank deposits or cash offered by regulated devices. These initiatives facilitate capital movements 24 hours a day, 7 days a week, and stimulate another wave of financial innovation. »» »» »» »» »» »» »» »» »» »» »» »
Unlike systems that say they are revolutionary, Google Cloud places its universal book as a Simple update of existing infrastructure. The solution is a private and authorization system that does not try to replace traditional currency, but thanks to the advantages of the distributed registry technology. It is based on the safe infrastructure of Google to provide financial institutions a reliable way of modernizing their services without disturbing their existing models.
More infrastructure than blockchain
In addition, unlike the names of certain media, the nuance is size: Google Cloud Service is not assumed as a blockchain in a strict sense the term. In addition, if a Google press release mentions the word ‘ blockchain“It is mainly to emphasize your limits. The Universal Ledger platform actually builds as a Advanced infrastructure for traditional finances.
In this sense, the American giant did not try to create a A public and open networkbut rather a A private solution and is subject to permissionDesigned to meet the imperatives of compliance with regulations and security in the banking world. The Google Cloud excels and offers an evolutionary route on contrast to fragmentation and the complexity of public blockchains with its own solution, centralized and transparent for regulated actors, and offers an evolutionary route.
The Stablecoin sector is constantly developing. And a solution like Universal Ledger from Google Cloud allows you to simplify their use and at the same time reduce related costs. A competition that could well Shadow MNBC, however, supported by central banks … and governments.
(Tagstotranslate) blockchain