Is Google Developing an XRP Killer?
's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google recently unveiled its Google Cloud Universal Ledger (GCUL), which has a lot in common with Ripple Labs' XRP (CRYPTO: XRP) Ledger (XRPL). Both blockchains provide faster, cheaper, and more secure financial transactions than traditional SWIFT (Society for Worldwide Interbank Financial Telecommunication) transfers, and they both support cross-border transfers, automated payments, integrations with third-party digital wallets, and tokenized assets.
That announcement might alarm Ripple's users and XRP's investors, but is Google really trying to kill XRP? Let's review the key similarities and differences to find out.
Image source: Getty Images.
Source Fool.com
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