Binance Square
saxfir here
@Square-Creator-313062064
Following
Followers
Liked
Shared
All Content
--
noted
noted
CoinChapter
--
ISO 20022 Coins – List of ISO 20022 Compliant Crypto
ISO 20022 Coins — Why They’re Important Table of Contents

What is ISO 20022 Coins? 

List of ISO 20022 Compliant Crypto Coins in 2024

XRP

Cardano (ADA)

Quant (QNT)

Algorand (ALGO)

Stellar (XLM)

Hedera Hashgraph (HBAR)

IOTA (MIOTA)

XDC Network

The Bottom Line

This is the ultimate guide to ISO 20022 Coins, the ISO 20022 standard and why they’re important now. The ISO 20022 standard has emerged as a critical piece of financial infrastructure. It provides a unified framework for financial entities to exchange data electronically. Though created for traditional finance, ISO 20022 is now being extended to crypto coins as well. 

By standardizing financial messaging, ISO 20022 brings order and interoperability to the crypto industry. It also ensures seamless communication between different platforms and networks. This article will break down the key benefits of ISO 20022 compliance and explore major crypto projects adopting the standard.

What is ISO 20022? 

Source: ISO 20022

Essentially, ISO 20022 replaces the complex patchwork of protocols used in finance with a single, consistent language. This makes the processes easy, saves costs, and improves data accuracy across systems. Additionally, crypto coins that integrate ISO 20022 gain critical compatibility with existing financial rails. They can interact with traditional systems and inject new efficiencies through blockchain technology.  

Currently, around 72% of major banks are ISO 20022 compliant. However, global adoption is expected by 2025. It’s worth clarifying that coins themselves do not become compliant per se. Rather, their parent networks integrate ISO 20022’s terminology and messaging formats into their infrastructure. This still enables easier interoperability down the line.

What are ISO 20022 Coins?

ISO 20022 is an emerging standard for high-value electronic financial transactions between financial institutions. It provides a unified framework for data exchange to enable smoother cross-border payments and settlement.

As global finance slowly modernizes via ISO 20022, a number of innovative blockchain projects have also integrated support for it. This allows crypto to interoperate with external financial messaging systems in the future.

History of ISO 20022 Coins

The ISO 20022 standard was created in the early 2000s to establish a common language for electronic financial communication. It replaces the older SWIFT/MT protocols still prevalent across global banking infrastructure.

Migration to ISO 20022 is now underway worldwide, coordinated by central authorities like the European Central Bank. It is set to conclude by 2025 as legacy networks are phased out.

Leading crypto like XRP and Stellar with bank integration focus were quick to adopt ISO 20022 formats. This allows them to plug into existing financial rails and payment systems being upgraded to the standard.

Why are ISO 20022 Coins Important?

ISO 20022 coins have the potential to facilitate major progress in bridging the gap between crypto coins and mainstream finance. By adhering to globally recognized data standards between financial institutions, these digital assets open several key doors:

Smoother integration with banking infrastructure – Compliant crypto coins can easily interact with existing bank payment rails and settlement technology. This provides easier onboarding to legacy financial systems.

Interoperability with central bank digital currencies (CBDCs) – As major economies like China, the EU, and others develop CBDCs, compatibility with ISO 20022 will be key. Coins aligning with this standard are future-proofed.

Possible integration into SWIFT system – Widely adopted by the world’s banks, integration with SWIFT would be a huge boost in crypto mainstream acceptance. ISO 20022 compliance gets certain crypto coins closer to this milestone.

Bridge between fiat and crypto economies – With advanced data sharing between currency systems, centralized and decentralized monetary networks can more efficiently interact. This could rapidly accelerate crypto adoption.

Critical for bank and institutional adoption – To enable custody, trading, and widespread use by banks, seamless data functionality is mandatory. ISO 20022 is the foremost industry standard of banks today.

List of ISO 20022 Compliant Crypto Coins in 2024

1. XRP 

As one of the largest cryptocurrencies, XRP plays a major role in bridging global payments thanks to its speed, cost efficiency, and integration with traditional finance. 

XRP’s parent company Ripple has developed an enterprise blockchain network called RippleNet. This allows banks and financial institutions to send money globally. Additionally, transaction settlement takes time as quick as 3-5 seconds.

To facilitate this, XRP acts as a “bridge currency” in RippleNet – providing the necessary liquidity for converting between fiat currencies. This eliminates the need for slow cross-border infrastructure like SWIFT.

By adopting the ISO 20022 standard, Ripple enables stronger connectivity between the legacy banking system and next-generation blockchain rails leveraging XRP crypto coins.

Key Benefits of XRP

Significantly faster and cheaper than traditional remittances

Handles up to 1,500 transactions per second 

Leverages efficient consensus mechanism 

Wide institutional adoption via RippleNet

2. Cardano (ADA) 

Cardano is one of the most robust and scientifically-engineered blockchain networks, focused on providing secure and sustainable financial infrastructure. 

After years of academic-driven development, Cardano successfully launched smart contract functionality in 2021. Consequently, this has enabled rapid growth of its burgeoning DeFi ecosystem.

By integrating the ISO 20022 standard, Cardano ensures full interoperability between its advanced capabilities and traditional financial systems. This allows seamless connectivity with existing banking technology and easy onboarding of legacy institutions.  

Key Benefits of Cardano

Supports execution of complex smart contracts

Expanding decentralized applications and DeFi offerings

Innovative Ouroboros proof-of-stake consensus protocol

Significant market presence and developer community

3. Quant (QNT) 

Interoperability platform Quant Network is streamlining the integration and communication between different distributed ledgers as well as with existing enterprise systems. 

Quant’s core product Overledger provides the underlying protocol to enable multi-chain applications, ensuring connectivity across diverse blockchain environments.

By incorporating ISO 20022 support, Quant allows developers to create decentralized solutions compatible with traditional financial messaging networks. This unlocks another pathway for interchain and cross-industry collaboration.

Key Benefits of Quant:

Communication layer enabling multi-chain interoperation 

High-performance capable of vast throughput

Enterprise-ready standards and developer resources

Decentralized governance by Quant community 

4. Algorand (ALGO) 

Algorand is building a sophisticated decentralized infrastructure for finance and beyond. It specifically focuses more on scalability, security, and mainstream adoption. 

With a unique proof-of-stake consensus protocol developed by MIT professor Silvio Micali, Algorand offers a platform for real-world blockchain applications.

By supporting the ISO 20022 standard, Algorand ensures compatibility with existing financial ecosystems while retaining cutting-edge capabilities. This makes Algorand accessible for institutions seeking to leverage next-gen financial rails.

Key Benefits of Algorand:

Enables fast, affordable micropayments 

Supports advanced smart contracts and dApps

Environmentally sustainable consensus mechanism 

Backed by strong academic foundation

5. Stellar (XLM) 

Stellar is an open-source blockchain project developing a worldwide financial network aimed at affordability, speed, and ease of access. 

At its core, Stellar links banks, payment systems, and people together to facilitate fast and cheap currency transfers – designed specifically for cross-border transactions and remittances.

By integrating the ISO 20022 standard into its messaging and communications stack, Stellar ensures seamless interoperability between its next-gen network and legacy financial rails.

Key Benefits of Stellar:

Significantly faster and cheaper remittances 

Uses unique Stellar Consensus Protocol

Nonprofit focused improving financial inclusion

Native on-chain decentralized exchange

6. Hedera Hashgraph (HBAR) 

Hedera provides an enterprise-grade distributed ledger infrastructure for building decentralized applications with more security, fairness and performance. 

Utilizing the Hashgraph consensus for asynchronous Byzantine Fault Tolerance, Hedera offers blazing fast throughput while being secure. This allows institutions to develop compliant, real-world dApps and solutions. 

By adopting ISO 20022, Hedera can bridge its advanced capabilities directly into existing financial ecosystems. This also improves accessibility and trust for institutions seeking to use Hedera’s fast, fair, secure DLT platform.

Key Benefits of Hedera:

Lightning-fast transactions, 10,000+ per second

Robust security architecture 

Highly energy efficient for sustainability

Built-in token service and smart contracts

7. IOTA (MIOTA) 

IOTA is building an open-source distributed ledger tailored specifically for the Internet of Things ecosystem and machine-driven economies.  

It uses a directed acyclic graph (DAG) architecture called the Tangle. IOTA focuses on secure and scalable transactions. Additionally, the feeless design enables data exchange between IoT devices.

By integrating the ISO 20022 standard, IOTA facilitates interoperability between connected devices on its network and external systems. This bridges siloed IoT infrastructure to drive synergies and automation.  

Key Benefits of IOTA:

Zero-fee microtransactions

Quantum-proof cryptography  

Optimized for data and value transfer

Lightweight & scalable architecture

8. XDC Network

XDC Network is an enterprise-grade blockchain platform designed to facilitate global trade and supply chain finance. It utilizes the XinFin Hybrid Blockchain protocol and focuses on sectors such as finance, supply chain, healthcare, and trade finance. XDC is the platform’s native token, used for transactions and governance.

By following the ISO 20022 standard, XDC Network aims to enhance its interoperability with traditional financial systems. It also provides a standardized framework for secure and efficient cross-border transactions. This integration positions XDC Network as a reliable and compliant solution for global trade.

Key Features:

XDC Network is a hybrid blockchain, combining the benefits of both public and private blockchains.

It can handle up to 2,000 transactions per second.

The platform is designed to comply with regulatory requirements.

It can be used to track the movement of goods and materials through a supply chain.

The Bottom Line

The adoption of the ISO 20022 standard is expanding. Furthermore, ISO 20022 crypto coins are at the forefront of enhancing their compatibility, improving communication with traditional financial systems, and fostering broader interoperability in the crypto space. ISO 20022 crypto coins could play a significant role in the Quantum Financial System, a new financial paradigm that aims to use blockchain, AI, and decentralized network technology to create a financieds no intermediaries to operate.

The primary aim of ISO 20022 is to modernize the traditional financial sector, making data handling more accessible for institutions. This standard could help cryptocurrencies integrate with the traditional sector in ways that were previously impossible.

The post ISO 20022 Coins – List of ISO 20022 Compliant Crypto appeared first on CoinChapter.
nice update!! will check it later
nice update!! will check it later
Crypto Revolution Masters
--
ETHERFI - The Next Big Project on Binance Launchpool. Farming Live
Hey Folks, Danny here, Crypto Revolution Masters Founder. I would like to introduce you #Ether.Fi the brand new Project you currently can farm on Binance Launchpool!
🔥 What is EtherFi - Truly decentralized staking. Keep your keys. Build the network. Or with simple words you stake your $ETH you get very good Rewards for it!
Let me explain deeper how you do that! Steps by steps so it's more easy!
1. To mint eETH, simply go to the ether.fi dapp and stake your ETH
2. To Bond 2 ETH for BNFT or Stake a full 32 ETH Validator. This is for large Stakers where you need minimum 32 ETH to stake!
When you stake your $ETH on #Ether.Fi you also earn Loyalty Points!
Loyalty Points formula
By staking .001 Ether, you will receive 1 point / day.
This simply means that loyalty points earned = ETH staked * 1000 * days staked
Example: If you have 5 ETH staked for 6 days, you will receive 30k of loyalty points (5 * 1000 *6)
There is also different Badges you can earn while you stake. More information you can find here:
🔥 https://etherfi.gitbook.io/etherfi/getting-started/loyalty-points/badges

So In General what's important for me!
If you're looking for where to stake your ETH for the highest interest rate and in one of the safest places to stake ETH, then you're probably looking for EtherFi.
EtherFi is a new LSD that allows stakers to directly stake to the Ethereum network reducing risks that you may have from the protocol. You get pretty much the same rate that you would get staking from Ethereum, which the competitors aren't providing.
By holding EtherFi's eETH or EtherFan NFT, you would be earning EtherFi points and Eigenlayer points which could be assumed that is what's qualifying people for the airdrop.
Actually EtherFi Team just realized article on Medium saying that staking is just the beginning for them! It's interesting one! You can read here:
https://medium.com/etherfi/staking-is-just-the-beginning-9640bac104df
Also see some of the Investors in it:

Of course my Price Predictions like every Project on Binance Launchpool are super optimistic. Expecting personally atleast 20x!
ETHFI Launchpool Details:
👉Token Name: ether.fi (ETHFI)
👉Max Token Supply: 1,000,000,000 ETHFI
👉Launchpool Token Rewards: 20,000,000 ETHFI (2% of max token supply)
👉Initial Circulating Supply: 115,200,000 ETHFI (11.52% of max token supply)
👉Smart Contract Details: Ethereum
👉Staking Terms: KYC required
👉Hourly Hard Cap per User:
👉16,666.66 ETHFI in BNB pool
👉4,166.66 ETHFI in FDUSD pool
Again Folks you have two options to farm:
1. Stake $BNB and farm ETHFI
https://launchpad.binance.com/en/launchpool/ETHFI_BNB
2. Stake $FDUSD and farm ETHFI
https://launchpad.binance.com/en/launchpool/ETHFI_FDUSD
Project Links
🔥Website: https://www.ether.fi/
🔥Whitepaper: https://etherfi.gitbook.io/etherfi/ether.fi-whitepaper
🔥X: https://twitter.com/ether_fi
🔥Discord: https://discord.com/invite/zqGzcuQWvD
🔥Telegram: https://t.me/+C3fpSjmPqzA5NTVh
🔥Medium: https://medium.com/etherfi
#ETHFILAUNCHPOOL
nice update! check this one guys
nice update! check this one guys
Crypto Revolution Masters
--
Last 14 hours to Farm AEVO! Don't miss it!
Hey Folks, time is really going super fast. And we have just around 14 hours left to farm #AEVO.
🔥 Stake your $BNB and farm here:
https://launchpad.binance.com/en/launchpool/AEVO_BNB
🔥 Stake your $FDUSD and farm here:
https://launchpad.binance.com/en/launchpool/AEVO_FDUSD
You can find all the information you need about #AEVO. In my pinned Articles on my Profile.
Keep Farming Folks 🔥🔥
#AEVOLAUNCHPOOL
nice update
nice update
saxfir here
--
https://www.binance.com/en/feed/post/5296679652137?ref=10111579&utm_campaign=app_square_share_link&utm_source=copylink
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number

Latest News

--
View More

Trending Articles

FinancialAdvisor8806
View More
Sitemap
Cookie Preferences
Platform T&Cs