Ixinium (XXA) Is Built On The Stellar Network And Is An ISO 20022 Standard Cryptocurrency
Ixinium XXA is built on the Stellar network and is therefore an ISO 20022 standard cryptocurrency. Ripple’s XRP & Stellar Lumens XLM are the only cryptos that are part of ISO 20022 and can work with CBDC’s.?
ISO 20022 is shaping the future of cross-border payments. The International Organization of Standardization introduced ISO 20022 as a way to have one standard method of developing messages between financial institutions.
Summary Of The Crypto News Flash?Article
ISO 20022-compliant digital assets might become the standard for regulatory enforcement because they can work with CBDCs.
The European Union (EU) is transitioning to ISO 20022 in November 2022 to facilitate high-volume cross-border transactions. This will involve the Target 2 system, the financial settlement platform adopted by all central banks within the EU bloc.
However, the U.S. Federal Reserve plans its transition into the ISO 20022 system for November 2023. Experts believe that ISO-compliant cryptocurrency will change the digital asset landscape, and regulators will ease their strict stance in dealing with ISO 20022 assets. They believe this move will boost mass adoption of the standard on a broad scale.
The two verifiable ISO 20022-compliant digital assets are Ripple (XRP) and Stellar Lumens (XLM).
More than 300 banks and financial service providers across 45 countries use XLM for settlement. The Canadian Imperial Bank of Commerce and Santander are two banks that utilize the token for this purpose, with others in Brazil, Singapore, and India.
Source: Crypto News Flash
Find Ixinium (XXA)?On:
Ixinium.io, Twitter, Telegram, Instagram, Medium, Linkedin, Reddit, Youtube, Tiktok, Discord, Bullz: OfficialIxinium