XRP News: What SWIFT’s ISO 20022 Announcement Means In Its Race With Ripple
Ripple competitor SWIFT has announced its plans regarding adopting the ISO 20022 standard and integrating blockchain technology into its operations. Furthermore, the firm suggested that it has no plans to launch a token, which could have competed with XRP. SWIFT Unveils Plans In Race Against Ripple And XRP In an X post, crypto commentator John […]
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Long before blockchain, inter-bank communication platform Swift was working to modernize the way financial institutions do business. First published in 2004, Swift’s global standard ISO 20022 was collaboratively created by a consortium of six standards bodies also including the International Securities Association for Institutional Trade Communication and the Fix Protocol. The open standard is being designed so that when it is implemented in the coming years it will help members more accurately and efficiently communicate with each other, regardless of network or any number of advances in....
In a recent short post on its official X account, the Fed confirmed that the migration to the ISO 20022 messaging standard has been completed. The news might sound highly technical, but XRP proponents and payment analysts see it as a quiet milestone that could transform how money moves across borders. Interestingly, this development actually […]
A fresh round of XRP speculation is building around an old question: what happens if SWIFT’s modernization push ends up intersecting with infrastructure built for blockchain-based settlement? In a post on X on March 10, DropCoin developer Bird argued that the market may be underestimating how ISO 20022, tokenization, and shared-ledger infrastructure could eventually strengthen the case for the XRP Ledger in institutional finance. Bird’s core point is not that SWIFT is about to replace its own network with XRP or the XRP Ledger. It is that the direction of travel across global payments....
Crypto pundit Chain Cartel has raised several key points following SWIFT’s latest comment on its move to adopt blockchain technology. The pundit claimed that Ripple’s XRPL network best suits what SWIFT is trying to achieve and suggested that the two firms collaborate. Pundit Points To Ripple’s XRPL After SWIFT’s Announcement In an X post, Chain […]
A recent analysis by a crypto market expert has reignited interest in XRP’s potential utility, especially in the context of Ripple capturing a portion of SWIFT’s global transaction volume. According to the expert, if Ripple secures just 14% of SWIFT’s market share, the implications for XRP’s supply and potential could be significant. XRP’s Potential If Ripple Takes On 14% Of SWIFT Market expert Crypto Eri has emphasized, through detailed mathematical calculations, the impact Ripple, capturing 14% of SWIFT’s total annual cross-border volume, could have on XRP’s supply and daily....