iso2002-will-lauch-soon-get-ready-for
In today’s video, you will know about the launch of ISO 20022 and it's sooner than we think.
You will know about the new associations of ISO and how it will benefit XRP. You will also
know about the recent big money movement as the XRP market showed a massive growth, and
we will also tell you about someone who is dumping his XRP when the reset of the market is
buying. So, let's start our video.
The recent data shows that ISO 20022 will launch lot sooner than we think. Six of the world's
largest banks have backed SWIFT's new international payments platform, which is expected to
start in November 2022. The new platform is set to include features such as upfront validation of
beneficiary details, extension of SWIFT’s high-speed system to lower-value payments and
incorporation of the universal messaging standard for international payments, ISO 20022. Let's
have a look at what they have got to say. According to finextra,
Set for adoption by at least 90% of the world's public and private high-value networks over the
next four years, the new ISO 20022 messaging standard, in combination with APIs, can address
multiple pain points hobbling cross-border payment flows, including sanctions checking, AML
& identity, invoice reconciliation, message translation, and end user transparency of speed and
fees.
ISO 20022 and APIs can potentially streamline, improve and automate the cross border payment
process. Payments Market infrastructures around the globe are rapidly adopting ISO 20022 as a
common messaging standard. Put together, the technology is becoming more important, faster
than the payments industry is amping up.
#XRP #Ripple
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