The post What are the best ISO 20022 crypto? appeared on BitcoinEthereumNews.com.

A few years ago, the financial messaging standard ISO 20022 by SWIFT was announced, to which some crypto have also conformed. The crypto compliant with the ISO 20022 standard, however, are few, and lately they are also showing interesting performance on the bull and bear markets.  The crypto ISO 20022  The two main cryptocurrencies in the world, Bitcoin and Ethereum, are not compatible with the ISO 20022 standard. On the other hand, they were born one in 2009, and the other in 2015, so many years before that standard was released.  The main crypto compliant with the ISO 20022 standard turns out to be XRP by Ripple, despite being created in 2012. The fact is that, unlike Bitcoin and Ethereum, Ripple is a private company, and although the XRP blockchain (XRP Ledger) is decentralized, the development of XRP is effectively guided by Ripple. This means that, while no one could individually decide that Bitcoin and Ethereum should be made compatible with the SWIFT standard, Ripple, on the other hand, could decide that XRP would become so, and thus introduced those changes that made XRP compatible with the ISO 20022 standard. XLM di Stellar is also compatible, also because it was born as a decentralized spin-off of Ripple, and in some way it has followed its evolutions over time.  Other cryptos compatible with ISO 20022 are ADA from Cardano, HBAR from Hedera, ALGO from Algorand, and QNT from Quant.  To these, IOTA and XDC must be added.  In total, therefore, eight criptovalute are known to be compatible with the SWIFT standard.  The ISO 20022 standard ISO 20022 is a standard created by SWIFT to harmonize the information transferred between financial institutions. It is therefore a standard that harmonizes communications between different financial entities, making it possible for automatic communication between their…

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Filed under: News - @ January 18, 2025 7:23 am