ISO 20022 is a term that has invaded the crypto world. ISO stands for The International Organization for Standardization and many companies around the world use these standards to run there organizations. I will be reviewing the ISO 20022 standard and how it applies to the crypto ecosystem.
ISO 20022 is an ISO standard for electronic data interchange between financial institutions. It describes a metadata repository containing descriptions of messages and business processes, and a maintenance process for the repository content. The standard covers financial information transferred between financial institutions that includes payment transactions, securities trading and settlement information, credit and debit card transactions and other financial information
There are multiple crypto currencies that are part of the ISO 20022 regulatory committee and they are Ripple (XRP) and Stellar (XLM) . There are other crypto that are trying to get regulated by ISO 20022 and these are XDC (XDC), Iota (MIOTA), Algorand (ALGO), Hedera Hashgraph (HBAR), Quant (QNT) and Cardano (ADA).
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