ISO 20022: the revolution in financial messaging and the crypto world
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SWIFT’s ISO 20022 financial messaging standard is on everyone’s lips by now, and as complicated as it may sound, it is actually very simple. In the world of finance, communicating is very difficult and confusing. One can misunderstand messages or simply get lost in translating them. In a world where a lot of money circulates, the stakes are really high and communication problems often coincide with losing money. This is where the ISO 20022 standard comes in. What is ISO 20022? And what crypto are compliant? The ISO 20022 protocol is a standard for electronic data exchange between financial services
Vincent Van Code (@vincent_vancode), a popular software engineer on X, addressed a recurring misconception about XRP and ISO 20022 compliance. According to him, no blockchain currently uses the ISO 20022 financial messaging format in its APIs. Many posts online have linked ISO 20022 compliance to XRP, and these claims are…