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Jacek.degen.eth 🎩
@jacek
Today I learned a little about ISO 20022. It’s a global financial messaging standard. Think of it like the grammar banks use to talk to each other. Why Are Banks Moving to ISO 20022 Instead of Blockchain? 1. Legacy Systems Still Rule Banks aren’t going to nuke decades of infrastructure overnight. ISO 20022 is a way to modernize without rebuilding the entire cathedral. 2. Regulation-Friendly Blockchain is still a legal gray area in many places. ISO 20022 fits neatly into existing legal, audit, and compliance frameworks. 3. Private and Permissioned Public blockchains are transparent. Banks need confidentiality, control, and permissioned access for most use cases. 4. Scalability Public chains aren’t (yet) fast or private enough to handle global finance volumes—millions of txs per second.
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Ray F. 🎩
@cryptowenmoon.eth
Ripple has been working on that for a long time. They have partnered with dozen of banks. There are a lot of crazy conspiracy theories about Ripple being the power behind every global transaction.
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Jacek.degen.eth 🎩
@jacek
Interesting
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