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ISO 20022 Standards 2022 Implementation Adds Significance to Compliant Cryptocurencies

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The ISO 20022 standard has existed since 2004. 2022 appears to be the year the standard gains significant traction worldwide

MURFREESBORO, Tenn. - eTradeWire -- Cryptocurrencies have gained significant adoption over the past decade, but the majority of the world's population still associates cryptocurrency with Bitcoin, Ethereum, or one of a handful of other digital coins that have been around the longest or for some other reason (e.g. celebrity endorsement such as Elon Musk with DogeCoin) have gained widespread popularity.

However, a major shakeup in the crypto world may be at hand. Coins that have been built upon the most practical and efficient technologies and whose purposes complement the dynamic needs of worldwide economies and the people people who comprise them will likely find 2022 to be momentous.

Major projects and financial timelines planned around the ISO 20022 standard in 2022 will have significant influence upon which cryptocurrencies ultimately thrive. Adoption of the ISO 20022 standard is imminent in countries with major financial influence internationally, including in the United Kingdom, the United States, the Middle East, and Asia Pacific, where projects are underway to adopt the ISO 20022 standard.

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Another important component of ISO 20022 adoption in 2022 is the migration by SWIFT to the ISO 20022 standard in conjunction with its Transaction Management Platform in November 2022.

This massive movement of the financial industry to ISO 20022 bodes well for the six currencies whose implementations are already compliant with the standard, including: XRP, XLM, XDC, Iota, Algo, and USDC. Owners of those digital assets will likely find that demand for them (and thus the value) will increase in 2022 and beyond.

To learn more about these 6 ISO 20022-compliant crypto coins, visit: https://thetechnologyvault.com/iso-20022-network-ecosystem/

Contact
Richard Robbins
***@thetechnologyvault.com


Source: TheTechnologyVault
Filed Under: Financial

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