Hello Family 👷♀️👷♂️📈
The cryptocurrencies compliant with the ISO 20022 standard are a group of cryptocurrencies that are expected to play an important role in the future of global payments, thanks to their compatibility with this international standard for the exchange of financial information. The most well-known cryptocurrencies in this list include Xrp, Cardano, Quantum, Algorand, Stellar, Hedera Hashgraph, IOTA, and XDC Network.
What is ISO 20022?
ISO 20022 is an international standard for the exchange of financial information. It defines a common language and data model for financial transactions, enabling greater interoperability and automation between different platforms and systems.
Why is ISO 20022 important for cryptocurrencies?
The adoption of the ISO 20022 standard by various cryptocurrencies is seen as a positive step towards their integration into the traditional financial system. This standard can help to:
Improve interoperability:
Cryptocurrencies compliant with ISO 20022 can interact more easily with banks and other financial institutions that are already using this standard.
Reduce transaction costs and times:
The adoption of a common standard can simplify processes and reduce the need for format conversions, making transactions more efficient.
Increase transparency and security:
ISO 20022 provides a framework for exchanging detailed information about transactions, which can help improve traceability and security.
