Alphabet launches a new blockchain platform called GCUL for financial institutions, aiming to compete with established players like XRP. Google’s ledger emphasizes smart contract programmability and commercial bank money hosting. GCUL does not issue a native token, offering an alternative to rival payment blockchains. Investors can’t directly invest in GCUL but can gain exposure through Alphabet stock.

GCUL’s entry into the market poses a threat to XRP, attracting substantial capital initially. Alphabet’s reputation may attract users, but its lack of track record and history of product discontinuation raise concerns for institutional investors. XRP offers compliance controls and a proven track record, providing a low-risk option for asset managers. Trust and regulatory hurdles must be cleared for GCUL to compete with XRP.

Investors holding XRP should consider the long-term benefits of its institution-friendly ledger and compliance controls. GCUL, while a strong competitor with a robust distribution channel, must earn trust, navigate regulatory challenges, and demonstrate liquidity to challenge XRP. Alphabet’s stock may not be a top pick, but there are other high-return stocks to consider according to the Motley Fool Stock Advisor team.

Read more at Nasdaq: Google Just Unveiled a New Blockchain That Will Compete With XRP. Here’s What Investors Need to Know.