AMINA Bank’s Bold Test: Google Cloud Powers Instant Money Moves
- A Swiss-regulated bank called AMINA Bank worked with Crypto Finance Group to test Google Cloud’s Universal Ledger for quick money transfers.
- The test showed that banks can settle payments in regular currencies like Swiss francs right away, without making new digital money.
In a new move that is shaking up the banking world, AMINA Bank has just finished a successful test run with Google Cloud’s cutting-edge technology. This Swiss bank, which is known for its focus on digital assets, worked with Crypto Finance Group to find faster ways to process payments. What is the goal? To move money in a matter of seconds, at any time, without having to worry about weekends or holidays.
The test used Google Cloud’s Universal Ledger, which is a safe way to keep digital records based on blockchain technology. It settled everyday currencies like the euro and the Swiss franc in real time. Think about how easy it would be to send money to a friend or pay a bill without having to wait for banks to open.
During the trial, AMINA Bank connected this ledger directly to its main computer systems. Some customers were able to try instant settlements without any major problems. Crypto Finance, which is part of the big Deutsche Börse group, took care of the trading. This shows how well banks can work together.
Google Cloud’s Universal Ledger isn’t just a cool name; it’s a tool that lets banks keep track of transactions on a digital book that can’t be changed. This means that there won’t be any more slow paperwork or delays caused by middlemen. The pilot showed that it works for both local payments and currency exchanges, all while following strict Swiss rules.
AMINA Bank posted on X: “AMINA embedded GCUL directly into its core-banking infrastructure, giving select clients access to instant settlement with zero disruption to existing processes.”
This is what people in the industry are saying: blockchain can fix old problems with banks without having to change everything.
