Yes, non-bank payment systems can access permissioned blockchain platforms like GCUL, provided they meet certain regulatory, operational, and technical requirements. Similar to policies recently adopted by central banks in various jurisdictions (e.g., the Eurosystem policy on non-bank payment service providers accessing central bank payment systems), non-bank payment service providers (PSPs) such as payment institutions and electronic money institutions may be granted access if they demonstrate their ability to comply with risk management, security, and operational standards.
The primary goal of allowing non-bank PSPs access is to enhance market competition, improve payment efficiency, and foster innovation while ensuring financial stability and regulatory compliance.
For GCUL, as a permissioned blockchain designed for regulated financial institutions, non-bank payment systems likely can join its network if they fulfill the necessary KYC, compliance, and technical criteria established by the platform and regulators.
In summary, while GCUL is mainly targeted at regulated financial market participants, non-bank payment systems meeting requisite standards are expected to be able to access and operate on GCUL.