Has this federal backup advertisement put this Ripple in the Swift and BRICS ranks? star-news.press/wp

In a modern short post The official x accountThe Federal Reserve confirmed that the immigration to the ISO 20022 correspondence has been completed. The news may seem very technical, but XRP supporters and payment analysts see it as a quiet milestone can turn how money moves across the border. It is interesting that this development actually appears to be a first step in Apply wavy side by side Giants such as Swift and Brex Payment System.

The Federal Reserve confirms ISO 20022 migration

The recent Federal Reserve has been transferred under the radar for many, but it has the ability to become one of the most important updates in entering cryptocurrencies such as XRP in the world of global financing. In its announcement, the Federal Reserve kept things less than necessary, simply, “The ISO® 20022 deportation is complete! It’s time to start exploring the possibilities.”

One suspended xrp, known as 589Bull, Description of the update in the name of Change the world because it places the US payment infrastructure in line with global bars such as Swift, Rigplenet, BRICS initiatives and central banks. As he put it, this was not related to fireworks or major celebrations, but rather a calm line in the Federal Reserve update that could carry historical consequences for how money and digital value are transferred all over the world.

ISO 20022 is an international correspondence standard designed to improve global payment efficiency. According to Reserve Federal Reserve, universal of the ISO 2002 standard, provides more industry and cooperation partnership instead of working in silos.

The ISO 20022’s standard allows payments to carry more information, such as compliance details, contextual descriptive data and even distinctive value. It reduces friction in cross -border transactions, allowing financial institutions to better communicate.

The completion of this deportation by the US Federal Reserve brings its payment infrastructure to synchronizing with most of the rest of the world, as Swift has already adopted ISO 20022 as its standard since 2023.

What does this mean for ripples?

Ripple has always been the ISO 20022 As I noticed 589Bull, the tube has been placed years ago, and now water is about to calm down.

Jake Kloor, a famous encryption suspension on X, Recently notice that XRP gave priority to something that most of the industry ignored: ISO 20022 compliance. This decision is now paying for fruits as the network processes more than $ 434 billion in transactions every day.

For supporters of XRP, this weight adds to seeing the ripples to On board a large part of Swift customer base. It also adds weight to one of the most ambitious novels in the coded currency space: the idea of ​​that XRP can trade one day at $ 1,000. If RipPlenet is widely adopted by banks and governments, And other international institutionsThe value of the value that was converted through the theoretical XRP can support its growth to the price level.

At the time of this report, XRP is trading at $ 2.87, a decrease of 1.1 % over the past 24 hours.

Distinctive image from Getty Images, Chart from TradingView.com

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