ISO 20022
ISO 20022 is a global standard for financial messaging and provides common language and structure for exchanging financial information. SWIFT is migrating to ISO20022...
THE OLD SYSTEM:
SWIFT - Society for Worldwide Interbank Financial Telecommunications
This system powers most international money and security transfers. SWIFT is a vast messaging network used by financial institutions to send and receive information like money transfer instructions.
However SWIFT is only the message for the transaction through a standardized code. The liquidity for a transaction and settlement comes from the USD....
THE NEW SYSTEM:
ISO 20022
One of the most expensive decisions you could make this decade is ignoring emerging technologies and not understanding the real world use case of digital assets.
- How cross-border payments worked using SWIFT compared to how cross-border payments work using ISO
- How stablecoins will be used and how they provide liquidity
- Which blockchains efficiently move stablecoins, enable tokenization, fast and low cost
- Why XRP was stuck in a lawsuit for 4 years
ISO 20022 is the new messaging system for payments; processing Multi Trillions of value on a daily basis and only several digital assets will be used to power this system. If you’re one of the rare individuals that understands this tech, you'll be well ahead in regards to knowledge and opportunity.
See explanations under Invest for more detail on the ISO compliance for these assets.
XRP, XLM, HBAR, QNT, ALGO, IOTA, XDC, ADA