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ISO 20022 Will Launch on July 14: Here’s What This Means for Ripple and XRP

2025-07-11 09:29:46

ISO 20022 Will Launch on July 14: Here’s What This Means for Ripple and XRP

Main Idea

The ISO 20022 financial messaging standard will launch on July 14, 2025, potentially benefiting Ripple's payment solutions, though XRP itself is not directly compliant with the standard.

Key Points

1. The ISO 20022 standard will officially go live for the Federal Reserve’s Fedwire Funds Service on July 14, 2025.

2. Ripple has positioned itself as ISO 20022-ready, becoming a member of the ISO 20022 Standards Body in 2020.

3. Ripple’s compliance with ISO 20022 enables better integration with traditional financial systems through a unified API.

4. XRP, as a digital asset, does not directly conform to ISO 20022, which applies to message formatting rather than the asset itself.

5. The adoption of ISO 20022 by 72% of SWIFT-connected institutions by November 2025 may provide advantages for Ripple’s payment solutions.

Description

On July 14, 2025, the ISO 20022 financial messaging standard will officially go live for the Federal Reserve’s Fedwire Funds Service, as confirmed in promotional material released by the Federal Reserve Financial Services. The update represents a critical step in the modernization of the global financial messaging infrastructure, with implications for institutions and technologies aiming to align with this new format. A tweet from prominent cryptocurrency enthusiast JackTheRippler brought renewe...

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