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Author: Admin | 2025-04-28
Immutability and data decentralization to the financial sector.It is worth noting that not all institutions have adopted the requirements to be ISO 20022 ready yet – according to a Forbes report from earlier this year, about 72% of banks are ISO 20022 compliant. The institutions that haven’t yet taken the necessary steps to become ISO 20022 compliant will have until 2025 to do so.It is also worth mentioning that “ISO 20022 compliant coin” could be considered a misnomer, as the coin or token itself is not compliant. Instead, what we mean when referring to a project as ISO 20022 compliant is that it leverages some of the messaging language defined by the standard to more easily communicate and exchange data between the project’s own solutions (for example, Ripple’s payment network) and external financial systems (for example, SWIFT).List of ISO 20022 compliant cryptocurrencies in 2024As the adoption of ISO 20022 continues to grow, several crypto projects have embraced the standard to enhance their compatibility and streamline their operations. Here’s a full list of ISO 20022 coins and tokens: XRP (XRP) Cardano (ADA) Quant (QNT) Algorand (ALGO) Stellar (XLM) Hedera HashGraph (HBAR) IOTA (MIOTA) XDC Network (XDC)In the following sections, we are going to examine ISO 20022 tokens and coins and discuss the implications related to the standard’s implementation.XRP (XRP)XRP, the native token of the XRP Ledger, has gained prominence in the realm of cross-border payments and remittances. XRP acts as a bridge currency and facilitates liquidity between different fiat currencies. It operates on a consensus algorithm and aims to provide an efficient alternative to traditional banking systems.As Ripple continues to build its global payment settlement infrastructure, adopting the ISO 20022 standard becomes essential. By embracing ISO 20022, XRP can seamlessly integrate with existing financial systems, facilitating faster and more efficient cross-border
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