Google Cloud Reportedly Developing Its Own Blockchain for Payments

HKAN | Aug 29

 

According to recent reports, Google Cloud is developing its own blockchain designed for payments and is currently running the system on a private testnet.

Industry insiders revealed that the project aims to integrate blockchain technology into Google’s massive cloud and payments infrastructure, potentially offering faster, cheaper, and more secure financial transactions. While details remain limited, the private testnet suggests that the company is still experimenting before moving toward a wider rollout.

If successful, Google’s blockchain could position the tech giant as a major competitor in the Web3 payments space. With billions of global users across Google Pay and Google Cloud services, a native blockchain could give merchants, developers, and users a new way to handle cross-border payments, settlement, and even tokenized assets.

The news comes as major financial and technology firms including Visa, PayPal, and Stripe continue to explore blockchain for payments, signaling that the industry is moving toward mainstream adoption.

For now, Google has not issued an official statement on the project, but the private testnet suggests that Google Cloud is actively preparing to enter the blockchain-powered payments race.