Core Viewpoint - Google has launched its Google Cloud Universal Ledger (GCUL), which shares similarities with Ripple's XRP Ledger (XRPL), both aiming to enhance financial transaction efficiency compared to traditional SWIFT transfers [1][2]. Group 1: Similarities and Differences - Both GCUL and XRPL are designed to facilitate faster financial transactions [4]. - GCUL is a centralized private platform, while XRPL is a decentralized public platform [4][5]. - GCUL does not have a native token, whereas XRPL utilizes its native token XRP for settlements and fees [6]. Group 2: Regulatory and Operational Aspects - GCUL is focused on regulatory compliance and institutional control, managed by Google Cloud [4]. - XRPL's decentralized nature allows for broader access but may lead to increased illegal transactions due to the lack of vetting [5]. - GCUL charges predictable monthly fees, contrasting with XRPL's variable fees based on network activity [6]. Group 3: Market Impact - Google aims to disrupt SWIFT transfers with its centralized platform, which may not directly compete with XRPL [7].