GCUL provides several important technical guarantees for access to non-bank payment systems:
- Permissioned Access Control: GCUL is a permissioned blockchain where only approved participants that meet KYC/AML and regulatory criteria can join. This ensures non-bank payment systems undergo robust identity verification before accessing the network, reducing fraud and counterparty risk.
- Atomic Settlement: Transactions on GCUL are settled atomically—payments and asset transfers are simultaneous and irreversible—eliminating settlement risk common in traditional payment systems and improving trust for non-bank participants.
- Stable, Transparent Costs: GCUL offers predictable, monthly billed transaction fees via a single API, avoiding the volatile gas fees seen in public blockchains. This financial stability helps non-bank payment systems maintain cost-effective operations.
- High Throughput and Scalability: Designed for institutional use, GCUL supports high transaction volumes suitable for large-scale payment processing by non-bank systems without performance degradation.
- Regulatory Compliance Integration: Embedded compliance features like KYC-verified accounts and auditability support non-bank payment providers in meeting regulatory requirements easily.
- Neutral Infrastructure: GCUL’s “credibly neutral” design avoids vendor lock-in, giving non-bank payment systems equal footing to participate alongside banks and other regulated institutions.
In summary, GCUL guarantees secure, compliant, cost-efficient, and risk-minimized network access for non-bank payment systems, enabling them to compete effectively in the regulated financial ecosystem.