The ISO 20022 criterion groups digital currencies that follow the standards of the International Organization for Standardization (ISO)⭐
According to the Cryptorank portal, the International Organization for Standardization (ISO), which establishes industrial, commercial and proprietary standards at an international level, is based in Geneva, Switzerland.
The portal defines ISO 20022 as:
“An international protocol that provides a secure and standardized way to exchange financial messages between organizations within the payments industry. The protocol will replace the 50-year-old SWIFT financial messaging system, which banks and other financial institutions use to facilitate global payments.”
✨The fundamental purpose is to meet the demand of organizations in the financial services sector, which seek to create a globally accepted messaging language.✨
In this regard, we find several cryptos that already comply with this, the most important in my opinion are:
Quant (QNT): Connecting and interacting with different blockchains, maintaining operational efficiency and interoperability level.
Ripple ($XRP ): Its goal is to provide fast and secure transactions for business customers.
Stellar ($XLM ): Enables near-instant cross-border payments and asset transfers between users.
Hedera ($HBAR ): Provides access to an immutable and cryptographically secure ledger.
Keep in mind that they are not the only ones and that as time goes by, new cryptos that meet the standard will appear.🔥🔥🔥
There is no doubt that the future of the global financial system lies in this direction, since the swift system currently used is more than 50 years old and is becoming obsolete, especially due to delays in operations.🤯💰
The new system is just around the corner and what better way to wait for it than by being informed and prepared.😊😊
And you, what do you think? Are you holding any cryptocurrencies that comply with the ISO 20022 standard? 🤔
I read you…😀😀