^ More than the beloved XRP?? Many go nuts for

Iso20022 is an interbank payment system. That standard is related to crypto. Cryptos can have a messaging format in the iso20022 standard built into the blockchain. The current iterbank messaging standard is iso15022 and the migration to iso20022 has a go live date for all SWIFT countries outside the USA by December 2022. This is a same day switchover from phase 1 to phase 2 of the phased iso20022 switchover. This is referred to as 'the flippening' that Asheesh Birla said in an interview. Ripplenet, Stellar, IOTA and XinFin publicly state on their websites that they are iso20022 compliant. It's no coincidence that there is a a phased iso20022 timetable (available from SWIFT) that states that all banks must switchover to iso20022 by 2025. Given that Ripple, Stellar, IOTA and Xinfin have been partnering with banks (xrp, xlm) Trade finance (xdc) the only logical conclusion is that when the iso20022 rollout is complete the banks will use iso20022 compliant cryptos. Ethereum will never be used by central banks - the bank of Thailand tried using ethereum for its cbdc and that test failed. Ethereum 2.0 is still too slow too centralized and has been hacked. The xrpl offers, compared to ethereum, a longer duration of testing and trialling (banks don't touch cryptos they aren't 100% sure of, eth has been hacked the xrpl has not), lower transaction cost in kw (xrp is still lower than eth 2.0) utilisation of the interledger protocol (a neutral blockchain that can scale 'in the billions of tps' as stated by Evan Schwartz) to increase xrp's tps from 1,500, backing and partnership from the biggest institutions on the planet (Ripple's board has a Federal Reserve member and ex US Treasury - no other crypto's political power comes close), over 100 banks signed with Ripplenet which uses xrp as the settlement token. The sec have zero evidence if you had followed the court trial closely - the sec have claimed that Ripple sold xrp such that xrp was a security however the USA's CFTC, the OFC, the UK government (and all other world governments) consider xrp a currency. Only Gary Gensler considers xrp a security. Gary Gensler represents the interests of JP Morgan, Bank of America and Citibank who are deep in with ethereum. The sec gave ethereum a free pass even though Vitalik sold eth tokens to fundraise for changing to eth 2.0. There is a lot of shady business with Joseph Lubin. The sec have made a claim but have zero evidence in a year long trial. The sec case is a farse. Ripple have been clear cut with the sec since the beginning.

0

25.04.2022

Crypto Consciousness

P
Iso20022 is an interbank payment system. That stan...

🙄

0

26.04.2022

Joe · Accepted Answer

Joe

This is one reason most of the crypto community writes off hbar i think - from outside, the xrp people seem like raving lunatics - I think we might as well from the view of those who prefer diversified portfolios and think too much enthusiasm from the community is a red flag.

0

24.04.2022

209 похожих чатов

^ More than the beloved XRP?? Many go nuts for

6 ответов

Похожие вопросы