Selected Cryptocurrencies Embrace ISO 20022 Standards for Global Domination

[serrq]

"ISO 20022, an advanced protocol designed by the International Organization for Standardization, is distinguished by its ability to convey rich, structured financial data. Unlike its predecessors, this standard supports extensive data volumes and rapid processing, critical for modern financial operations such as real-time payments, compliance checks, and fraud prevention. Its adoption signifies a substantial shift from the 50-year-old SWIFT messaging system, setting a new benchmark for efficiency in the financial industry."

https://www.crypto-news-flash.com/hedera-hbar-stellar-xlm-and-cardano-ada-embrace-iso-20022-standards-for-global-domination/

"The widespread implementation of ISO 20022 has profound implications for the cryptocurrency world. Quant (QNT), Ripple (XRP), Stellar (XLM), Hedera (HBAR), IOTA (IOTA), XDC Network (XDC), Algorand (ALGO), Cardano (ADA), and Verge (XVG) have successfully aligned with the ISO 20022 standards. This compliance signifies a crucial step towards legitimizing cryptocurrencies in the global financial landscape."

"Over 70 countries, including major economies like Switzerland, China, India, and Japan, have adopted the standard in their payment systems. This harmonization across borders is expected to facilitate smoother international transactions, promoting efficiency and reducing barriers in global trade."