Ripple is a member of ISO 20022. The organization is recently developing a new standard of information for payments and messaging between international financial institutions. The company claims to be the first member of the Group's Distributed General Office of Technology (DLT) to include a large number of global exchanges and central banks with payment processes, such as SWIFT and Visa.
The path to an international standard
The adoption of ISO 20022 proposes adherence to a standard methodology structure and a process and platform for activating communication and cooperation between all global financial organizations. While convergence to a single standard is a long-term goal, there must be several old standards for sharing information. ISO captures data common points from separate institutional models and converts them into a standard format that can be shared between systems. The standard has already been adopted in 70 countries around the world, and by 2023, it is estimated that 87% of global financial transactions will be supported by ISO 20022.

Is the Jekyll & Hyde Ripple a cryptocurrency market?
Ripple's membership in the standards reflects the greater credibility of cryptocurrencies and DLT in the traditional world of finance. It also allows Ripple and his clients to talk about overseas payments in the future. Following the ISO 20022 standard facilitates communication between the parties to the contract and also reduces side costs. Ripple always seems to be moving in the right direction, with respect and hesitation in the eyes of the people. According to a recent report in the journal Quinn Telegraph, today, for new high-level contributions, there is a "XRP" fluid market by Ripple or its former executives, and there are claims that Ripple (XRP) is a security and its sale is unlicensed. Is.