In accordance with 36 Crypto, the XRP community has been informed that the myth of XRP being an ISO 20022-compliant token is false. Ripple’s CTO, David Schwartz, clarified that ISO 20022 is a messaging format for banks and does not apply to cryptocurrencies. The confusion arose after the SWIFT network’s migration deadline on November 22, which marked the retirement of its older MT messaging format. Diana, a prominent XRP community figure, emphasized that RippleNet’s compatibility with ISO 20022 does not extend to XRP itself. She also noted that the ISO website explicitly states no cryptocurrency is ISO 20022 compliant, refuting social media claims that grouped XRP with other tokens as compliant. The weekend transition involved banks updating their messaging systems, which had no direct impact on XRP or other crypto assets.
XRP Not ISO 20022-Compliant, Ripple CTO Clarifies Misconceptions
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