In recent years, there has been a lot of talk about the evolution of the traditional financial system towards a more digital, agile, and automated one. One of the central pieces of that transformation is the implementation of the international standard ISO 20022.
🌐 What is ISO 20022?
It is a new standardized language for global financial messaging, adopted by institutions such as SWIFT, central banks, and international organizations. Its goal is to make financial transactions faster, safer, and compatible with emerging technologies such as blockchain and digital assets.
📲 This standard will not only improve transfers between banks but also opens the door to integrating cryptocurrencies into the traditional financial system. Some cryptos are already aligned with this protocol, which has caught a lot of attention from the institutional sector.
💡 Which cryptocurrencies are in the conversation about ISO 20022?
🔹 XRP (Ripple): It is designed to function as a bridge between currencies, facilitating global payments. Its integration with banks and potential institutional uses make it one of the most prominent.
🔹 XLM (Stellar): Similar to XRP but more focused on financial inclusion and international remittances.
🔹 HBAR (Hedera): A network governed by large companies, focused on efficiency and sustainability.
🔹 ALGO (Algorand): A project based in the U.S. that aims to solve scalability and institutional adoption.
🔹 IOTA: Commission-free technology without a blockchain, designed for the Internet of Things, but also mentioned in regulatory discussions.
🔹 LINK (Chainlink): Although it is not directly in ISO 20022, it plays a key role as an oracle that connects real-world data with blockchains.
🔹 Solana: With growing adoption by major brands and projects, it is also positioning itself as a modern infrastructure compatible with this new ecosystem.
🚀 Why is this important?
Because as banks and governments adopt digital currencies (CBDCs), there is a need for technological infrastructure that can speak the same language. This is where these cryptos come in: they are positioned to be part of the new global system of payments, securities, and contracts.
💬 Did you already know about this standard? Do you think these currencies will be fundamental in the coming years?
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