#XRP
XRP, XLM, and ADA are aligned with the ISO 20022 standard, an important global financial messaging norm. However, it is essential to understand what this compatibility really means.
The table below summarizes the situation for each one:
Cryptocurrency Status regarding ISO 20022
XRP (Ripple) The RippleNet payment network is compatible. The XRP token itself is not certified, but it is used within this compatible system.
XLM (Stellar) The Stellar network is designed to integrate with systems that utilize the standard, being considered compatible.
ADA (Cardano) The Cardano blockchain has adopted the standard to facilitate communication with traditional financial institutions.
💡 What Does "Compatible with ISO 20022" Mean
It is crucial to know that the ISO 20022 standard applies to payment systems and networks, not to individual cryptocurrencies. When a project is considered compatible, it means that its infrastructure can use the standardized messaging language to connect more efficiently with banks and other traditional financial institutions. The main goal is to enable interoperability, faster transactions, and richer data for cross-border payments.
