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 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....
Ripple and SWIFT’s battle for dominance is heating up, with an executive at the latter taking a dig at XRP, the bridge currency for the crypto firm’s payment service. The executive also explained why businesses are unlikely to trust Ripple despite the conclusion of the SEC lawsuit. SWIFT Executive Makes Criticism Against Ripple and XRP […]
One of the bigger contests to keep an eye on in the cryptocurrency market is without a doubt the smart contract race. With the ability to effectively decentralize, automate, and replace multiple trillion dollar industries it represents a sizable target for entrepreneurs and developers of all shapes and sizes to place their crosshairs. While the developers over at Blackcoin (specifically David Zimbeck) have technically already won this race (and I’ll get to that point in a minute) the race very much seems to be continuing with a number of major players still yet to put a working application....