Ripple news: The importance of the early introduction of the ISO standard 20022 for XRP
- The introduction of ISO 20022 positions Ripple as a leading company in cross -border payments.
- XRP improves the liquidity and efficiency of the global payment infrastructure of Ripple.
According to the findings that have been shared in recent interviews, Ripple strengthened his leadership role in cross -border financial innovations by the early introduction of ISO in 20022. Since the global payment systems are increasingly inefficient, Ripple has proven to be an important player in promoting interoperability through structured message transmission.
The long -term vision of the company focuses on simplifying international transactions through the elimination of overtaken barriers. This strategy not only supports the use of XRP, but also brings Ripple into the global efforts to modernize financial system.
Ripple strategic focus on structured payments
In one recent VOM KRYPTOFORSCHER SMQKE (@smqkedqg) divided Interview The former Ripple manager Marcus Treacer emphasized the company’s consistent focus on efficiency compared to specific technologies.
He explained that Ripple’s mission always revolved around the elimination of friction in cross -border transactions. Treat noticed that Ripple XRP initially used bridge currency to improve the liquidity between Fiat currencies and later integrated the Interledger Protocol to enable quick Fiat-to-Fiat transfers.
According to Treacer, Ripplenet was introduced in 2016 and 2017 as a governance framework for global payments. At the same time, Ripple, the quality of the data that accompanies financial news, began to give priority. As a result, the company took over the ISO standard 20022 at an early stage-a global news standard that ensures the interoperability of data between financial institutions.
While some ISO crypto protagonists are still skeptical about 20022, Treacer emphasized Ripple’s long-term commitment to this standard. He described this as part of Ripple’s basic strategy. By orienting itself to ISO 20022 at an early stage, the company has positioned itself for future financial requirements.
The competitive advantage of Ripple and the role of XRP
In another interview that was also published by SMQKE, Pegah Soltani, Ripples Head of Payments Products, emphasized the importance of ISO 20022. Soltani explained that the alignment with ISO 20022 enables more efficient payment flow and better user experience worldwide.
Traditional payment systems such as Swift and tips in Europe and the US Federal Reserve work with different protocols. This fragmentation contributes to delays in processing, increased manual interventions and inconsistent transaction quality. The early participation of Ripple in ISO 20022 removes them inefficiencies, increases the pace of the process and thus accelerates the transactions.
Smqke pointed out that the use of ISO 20022 since 2004, the year in which both Ripple and the standard “born” were born, is part of the long -term strategy. Ripple gives this adaptation a first-mover advantage because global institutions switch to a modernized infrastructure. The integration of XRP into the payment solutions of Ripple ensures liquidity and scalability in this developing ecosystem.
Treat concluded that Ripple’s unshakable commitment to ISO 20022 reflects his broader commitment to the redesign of cross -border payments. Due to the pioneering role in the implementation of structured message transmission, Ripple wants to create a better networked and more efficient global payment network. This strategy not only strengthens Ripple’s position in global finance, but also the long -term promise of value from XRP in the fulfillment of future market requirements.
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