More and more financial analysts are paying attention to July 14 as a crucial time for XRP as global banks prepare to transition to ISO 20022. This change, which will impact thousands of financial institutions, is expected to mark a new era in international payment processing.
According to financial technology analyst Armando Pantoja, who shared insights via X, XRP has fully complied with ISO 20022 standards. When the messaging protocol becomes mandatory, this readiness could turn digital assets into a significant part of financial business operations worldwide.
In his post, Pantoja mentioned that banks have chosen XRP for international payments. He pointed out that institutional investors have taken action, including planning a $300 million deal to establish an XRP reserve fund. The increased attention indicates that many financial service organizations are looking forward to the launch of this protocol.
Despite the signs of widespread acceptance and accumulation, the price of XRP has not changed much in recent times. Pantoja pointed out that the token may be being suppressed by the market, adding that the period of stagnation is only temporary, as it contains accumulated energy that is likely to emerge as the external environment improves.
The Implementation of ISO 20022 is Considered a Catalyst for XRP Utility
The global implementation of ISO 20022 is seen as a fundamental upgrade to the financial messaging infrastructure. It will enable richer data exchange and improve transaction efficiency between banks and financial platforms.
Digital assets like XRP, designed for high-speed global payments, are considered suitable for integration according to new standards.
XRP has been used by banks in Japan, Brazil, the United Arab Emirates, and the United States for cross-border transactions. Its widespread use during this period highlights the importance of cryptocurrency in real finance.
After the standards are fully implemented next month, the use of XRP in the industry today may make it more useful than other non-compliant digital assets.
As July 14 approaches, XRP is still being closely monitored by market participants and organizations. Since the adoption of ISO 20022, this digital asset has more opportunities to be recognized as the global financial system updates its core messaging framework and banks use it more widely.
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The Moment XRP is Approaching as Analysts Point Out July 14 is an Important Day
More and more financial analysts are paying attention to July 14 as a crucial time for XRP as global banks prepare to transition to ISO 20022. This change, which will impact thousands of financial institutions, is expected to mark a new era in international payment processing. According to financial technology analyst Armando Pantoja, who shared insights via X, XRP has fully complied with ISO 20022 standards. When the messaging protocol becomes mandatory, this readiness could turn digital assets into a significant part of financial business operations worldwide. In his post, Pantoja mentioned that banks have chosen XRP for international payments. He pointed out that institutional investors have taken action, including planning a $300 million deal to establish an XRP reserve fund. The increased attention indicates that many financial service organizations are looking forward to the launch of this protocol. Despite the signs of widespread acceptance and accumulation, the price of XRP has not changed much in recent times. Pantoja pointed out that the token may be being suppressed by the market, adding that the period of stagnation is only temporary, as it contains accumulated energy that is likely to emerge as the external environment improves. The Implementation of ISO 20022 is Considered a Catalyst for XRP Utility The global implementation of ISO 20022 is seen as a fundamental upgrade to the financial messaging infrastructure. It will enable richer data exchange and improve transaction efficiency between banks and financial platforms. Digital assets like XRP, designed for high-speed global payments, are considered suitable for integration according to new standards. XRP has been used by banks in Japan, Brazil, the United Arab Emirates, and the United States for cross-border transactions. Its widespread use during this period highlights the importance of cryptocurrency in real finance. After the standards are fully implemented next month, the use of XRP in the industry today may make it more useful than other non-compliant digital assets. As July 14 approaches, XRP is still being closely monitored by market participants and organizations. Since the adoption of ISO 20022, this digital asset has more opportunities to be recognized as the global financial system updates its core messaging framework and banks use it more widely.