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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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Jacek.degen.eth 🎩
@jacek
But Blockchain Isn’t Being Ignored • JPM Coin, Project mBridge, and tokenized bonds on permissioned ledgers already use blockchain tech. • ISO 20022 is being used to bridge TradFi to DeFi, enabling tokenized assets, stablecoin settlements, and digital IDs. • Future chains may natively support ISO 20022 messaging for direct interoperability with banks. The future is hybrid. Banks aren’t ignoring blockchain—they’re cautiously integrating it. ISO 20022 is the bridge.
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Jacek.degen.eth 🎩
@jacek
It’ll be interesting to see where @base positions itself within this landscape.
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Elias VM
@eliasvm.eth
so $XRP was right all along? (I mean the concept, not the execution)
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