✔ ISO 20022 is an international standard for the exchange of electronic messages between financial institutions. It was developed by the International Organization for Standardization (ISO) and is the successor to the ISO 15022 standard
💠 ISO 20022 is used for a wide range of financial transactions, including:
- Transfers within the country and abroad
- Securities trading
- Lending
- Insurance
- Investments
📊 Here are some benefits of using ISO 20022:
Improved payment efficiency: ISO 20022 can reduce payment processing time and costs
Improved payment accuracy: ISO 20022 can reduce the risk of errors in payment processing
Improving payment security: ISO 20022 could make payments more secure from fraud
📊 The following cryptocurrencies are included in the ISO 20022 project:
— $XRP #Ripple
— #XDC Network
— $XLM #Stellar
—#IotaMIOTA
— $ALGO #Algorand
⚠️ These cryptocurrencies are#ISO20022 compliant, which means they can be used to conduct financial transactions in accordance with this standard! DYOR/DYOD
➡️ What is blockchain needed for?
✔️ Blockchain for connecting $IOTA machine
✔️ #Блокчейн for institutional utility $ALGO
