🚨 XRP: WHAT ONLY 1% OF HOLDERS KNOW!
IS XRP REALLY ISO-20022-CERTIFIED?
For years, a claim has been circulating in the crypto community:
XRP, XLM, XDC and some other cryptocurrencies are officially ISO-20022-compliant or even certified.
I believed this for years too and passed it on incorrectly.
The idea is that banks will therefore inevitably have to use $XRP in the future.
Unfortunately, though, there's a problem.
THIS CLAIM IS NOT ACCURATE AS STATED!
ISO 20022 is an international standard for exchanging structured financial messages.
Simply put: A common format that banks and other financial institutions can use to exchange payment information.
But unfortunately, the standard does not determine which cryptocurrency must be used for a payment.
And here's the crucial part:
The official ISO-20022 organization itself makes it clear that cryptocurrencies are not inherently ISO-20022-compliant and are neither managed nor registered by it.
That doesn't mean XRP can't play a role in future payments!
Quite the opposite.
Companies can develop ISO-20022-compatible systems and integrate blockchain technology into their payment processes.
Ripple and XRP could have some interesting use cases here.
But there's a huge difference between technical integration and an alleged official XRP certification.
So the real question isn't whether XRP is an ISO-20022 coin.
It's whether financial institutions actually use XRP as a liquidity and settlement tool.
And THAT would be far more interesting than any certificate.
Did you know that, according to the official ISO-20022 organization, no such cryptocurrency certification exists?
#XRP #ISO20022 #Ripple $XRP
#HotCPIDecemberHikePriced #AnthropicRejectsIPODelayValuationinQuestion #NvidiaInvestigatesAfterHuang’sAffairApology #CanNvidiaEarningsEaseMarketConcerns?
IS XRP REALLY ISO-20022-CERTIFIED?
For years, a claim has been circulating in the crypto community:
XRP, XLM, XDC and some other cryptocurrencies are officially ISO-20022-compliant or even certified.
I believed this for years too and passed it on incorrectly.
The idea is that banks will therefore inevitably have to use $XRP in the future.
Unfortunately, though, there's a problem.
THIS CLAIM IS NOT ACCURATE AS STATED!
ISO 20022 is an international standard for exchanging structured financial messages.
Simply put: A common format that banks and other financial institutions can use to exchange payment information.
But unfortunately, the standard does not determine which cryptocurrency must be used for a payment.
And here's the crucial part:
The official ISO-20022 organization itself makes it clear that cryptocurrencies are not inherently ISO-20022-compliant and are neither managed nor registered by it.
That doesn't mean XRP can't play a role in future payments!
Quite the opposite.
Companies can develop ISO-20022-compatible systems and integrate blockchain technology into their payment processes.
Ripple and XRP could have some interesting use cases here.
But there's a huge difference between technical integration and an alleged official XRP certification.
So the real question isn't whether XRP is an ISO-20022 coin.
It's whether financial institutions actually use XRP as a liquidity and settlement tool.
And THAT would be far more interesting than any certificate.
Did you know that, according to the official ISO-20022 organization, no such cryptocurrency certification exists?
#XRP #ISO20022 #Ripple $XRP
#HotCPIDecemberHikePriced #AnthropicRejectsIPODelayValuationinQuestion #NvidiaInvestigatesAfterHuang’sAffairApology #CanNvidiaEarningsEaseMarketConcerns?
