Concerted Effort to Thrust XRP to the Forefront of International Finance
Main Idea
Ripple's adoption of ISO 20022 and partnerships with central banks and financial institutions position XRP as a key player in international finance, particularly in cross-border payments and CBDC development.
Key Points
1. Ripple's move into ISO 20022, a global messaging framework for financial institutions, enhances its role in cross-border payments and CBDC integration.
2. Ripple's On-Demand Liquidity (ODL) solution, powered by XRP, is highlighted as pivotal for modern financial systems.
3. Ripple is collaborating with central banks, including Montenegro, indicating a potential shift toward blockchain-based solutions in the eurozone.
4. Ripple's partnership with Singapore’s FOMO Pay aims to improve cross-border treasury flows using CBDC-like products.
5. Ripple’s strategic positioning in ISO 20022 and global partnerships underscores its potential influence in real-time payments and CBDC development.
Description
A recent tweet by crypto researcher SMQKE highlighted a notable excerpt from Technocracy News, stating that Ripple’s move into ISO 20022 represents “a concerted effort to thrust XRP to the forefront of international finance.” The statement presents a broader narrative that outlines Ripple’s strategic involvement in the global payment infrastructure transformation, including its contributions to central bank digital currencies (CBDCs) and cross-border settlement solutions. Ripple and ISO 20022 Co...
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