Explain ISO 20022 compliant coins like you're 15 and also like you're 5:
#IfYouAreNewToBinance #ISO20022 #CryptoEducationNow
#FiveYearOldTalk 🎓 Like You're 15 Years Old:
ISO 20022 is a global standard for how banks, companies, and financial systems exchange payment messages. Think of it like a universal language for money transfers, making systems talk to each other smoothly across borders.
Some cryptocurrencies are compliant with ISO 20022, meaning they are designed to work within this international financial system. These coins can be easily integrated into future payment networks that follow this standard.
✅ Examples of ISO 20022 compliant coins:
XRP (Ripple)
XLM (Stellar Lumens)
XDC (XDC Network)
ALGO (Algorand)
IOTA (IOTA)
HBAR (Hedera Hashgraph)
Why it matters?
Governments, central banks, and big institutions are moving toward using ISO 20022 by 2025. Coins that already comply with this system could be used for faster, cheaper, global money transfers, potentially making them very valuable in the new financial system.
🍼 Like You're 5 Years Old:
Imagine everyone in the world speaks different languages, but they all want to play together and share toys.
ISO 20022 is like saying, "Let’s all speak the same language so we can share toys and play nicely."
Some magic coins like XRP, XLM, and XDC already learned this language. That means when the big grown-ups (banks) play together, those coins can join in easily and have fun too.
So, coins that learned the "same money language" can travel and be used everywhere!