BANKS MOVE TO ISO20022 | XRP RIPPLE PRICE TO PUMP? 🤑

BANKS MOVE TO ISO20022 | XRP RIPPLE PRICE TO PUMP? 🤑 - In this video, we discuss XRP News today, plus crypto news today, and more.
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Bank of Australia's largest financial conglomerate, CommBank, has announced it will begin migrating cross-border payments to the ISO 20022 standard this month. CommBank plans to complete the transition of all payments conducted by it to the advanced standard by November 2025.

CommBank is not even the first major Australian bank to take steps toward the new interbank correspondence standard. In March this year, the National Australia Bank (NAB) began to adopt ISO 20022 through RippleNet.

Banks and financial institutions worldwide are entering a new era as they gear up to switch their payment systems from using SWIFT messages to ISO 20022, a much more structured and data-rich financial messaging standard.

Stellar (XLM)
Hedera (HBAR)
IOTA (MIOTA)
XDC Network (XDC)
Ripple (XRP)
Algorand (ALGO)
Quant (QNT)

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