my previous query whether COTI is compliant to ISO20022 ? I get the impression that COTI is not compliant which is a major flaw to it becoming a widely adopted financial payment system.
https://www.iso20022.org
Good point, maybe admins can say something about it.
Unfortunately, still no answer. Very concerning. Expected it to be a YES / NO scenario for COTI. So if Europe, the US and SWIFT move to ISO20022 financial payment standards, and COTI is not compliant, then COTI will never be a globally adopted payment mechanism.
Not sure what you find funny? It’s a legitimate concern on COTI’s future as a financial transaction platform. https://www.ecb.europa.eu/paym/intro/events/shared/pdf/fs12/2021-09-30-focussession-fullimplementationofiso20022.pdf
Yet to get feedback from the team regarding this, you'll be aware once we have one.
It’s just funny how you would ask this question regarding a crypto project
It’s directly relevant to COTI, hence asking. ISO20022 involves improved financial payment systems. Read the article, read the ISO20022 standards. There are a handful of crypto projects that are compliant and are noted in ISO20022 frameworks
Thanks Ben, I wouldn’t have thought it would take so long to answer, but will keep an eye out.
How is COTI related to SWIFT or ISO20022 ? Coti is not a bank neither it's connected to SWIFT network so it's irrelevant .
Read more into it to understand the longer term implications. All the info is in the public domain.
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