Will iso20022 use xrp? Or maybe the other iso20022 compliant

Question

Ripple - XRP

Kerim Babo

Will iso20022 use xrp? Or maybe the other iso20022 compliant

cryptos like quant and xlm

#cryptocurrency #english #xrp

0

03.11.2023

13 ответов

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the G man

The next best thing i want to happen to xrp is it to be accepted as my daily payments method, replacing fiat. Just imagine going to other countries without the hassle to convert your cash to certain other currencies. We are heading there but not so soon

0

03.11.2023

GreenGecko 🌿 ∞/21M

the G man
The next best thing i want to happen to xrp is it ...

won't happen. Why would any country use privately issued tokens as a currency? What might happen at some point is that you can use it in the background, like Strike in the US already uses Bitcoin for payments since a couple of years. You pay with USD, but it's based on Bitcoin. Might eventually be possible with XRP too in case its usage increases.

0

03.11.2023

GreenGecko 🌿 ∞/21M

AJ
It's not that ISO20022 will use XRP, its XRP is us...

yes, it's just a 'transmission standard', but not requiring XRP. A document explaining it is linked in the pinned FAQ.

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03.11.2023

JJ

the G man
The next best thing i want to happen to xrp is it ...

Probably only bankrupted countries would do such a thing. Then again, the government had to be crazy to do such a thing

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03.11.2023

the G man

JJ
Probably only bankrupted countries would do such a...

Who knows one day, Honda already accepted xrp as a form of payment, the recent dubai partnership might evolve to something interesting. If not now, then probably in the future. Dont have to be country wide, and likely won't in forseen future. But hey, u can now buy a Honda in japan and another one in the UK, using the xrp in our wallet. Other companies might follow suits one day

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03.11.2023

GreenGecko 🌿 ∞/21M

the G man
Who knows one day, Honda already accepted xrp as a...

Honda doesn't offer XRP 'as money' specifically, but integrated a payment system offering a whole list of 'crypto' that can be used and that's converted to USD at the backend.

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03.11.2023

the G man

GreenGecko 🌿 ∞/21M
Honda doesn't offer XRP 'as money' specifically, b...

Well it a start to a new dawn. Currently i buy using xrp too some of my stuffs.. But of course its between two dudes understanding the value of cryptocurrencies

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03.11.2023

JJ

the G man
Who knows one day, Honda already accepted xrp as a...

These are just businesses, and the value is acknowledged between these parties. But i don't think governments will acknowledge these as money unless they have absolute control of it and its minting.

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03.11.2023

Kerim Babo Автор вопроса

AJ
It's not that ISO20022 will use XRP, its XRP is us...

So you dont think xrp price will skyrocket to hundreds of dollars when iso20022 will be used? I thought that all the Banks in the world will then use the token off ripple once it will be used

0

04.11.2023

Kerim Babo Автор вопроса

GreenGecko 🌿 ∞/21M
yes, it's just a 'transmission standard', but not ...

So if i understand it right, the xrp price will not skyrocket? Because thats what i was thinking, that once iso20022 will begin the price of the currencies will explode because it will be used? You understand what im trying to say?

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04.11.2023

Sunshine ( Mike )

Kerim Babo
So if i understand it right, the xrp price will no...

SMH

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04.11.2023

AJ

Kerim Babo
So you dont think xrp price will skyrocket to hund...

Me? No, I am not one of those believers in $$$× per coin, sorry. If it gets to ath + a bit of a blow off top at peak I think XRP holders should be thankful for that.

0

05.11.2023

AJ · Accepted Answer

AJ

It's not that ISO20022 will use XRP, its XRP is using ISO20022 formatted datasets. ISO20022 is a data standard structure for sending financial transactions, that's all. Why would these other compliant cryptos need XRP? They already are capable of sending transactions in this ISO20022 compliant format.

0

03.11.2023

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Will iso20022 use xrp? Or maybe the other iso20022 compliant

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