## Real-Time Fiat Payments: Swiss Bank's Google Cloud Ledger Pilot A groundbreaking pilot program conducted by Swiss bank AMINA and Crypto Finance Group, part of Deutsche Boerse, has demonstrated the feasibility of real-time fiat currency payments using Google Cloud Ledger. The announcement, reported by Coindesk, highlights the potential to revolutionize existing financial infrastructure. This innovative solution allows banks to process fiat payments instantaneously, 24/7, utilizing Google's Universal Ledger. Crucially, this is achieved without the need for creating or integrating new digital currencies. The pilot adhered to strict Swiss financial regulations, demonstrating a practical pathway for modernization. The primary objective was to showcase how Distributed Ledger Technology (DLT) can enhance current systems without necessitating a complete overhaul or introducing novel digital assets. Google's Universal Ledger provides a cloud-based platform for real-time settlement of existing assets, leveraging the power of distributed ledger technology to improve efficiency and transparency in the financial sector. This marks a significant step towards modernizing traditional banking practices. ```