ISO 20022 and the Ripple Lawsuit: The Future of Global Finance

Photo: John McArthur

In recent years, the world of finance has been rapidly evolving, and one of the most significant developments has been the adoption of the ISO 20022 standard for financial messaging. This standard has been adopted by many financial institutions around the world, and it is seen as a game-changer for the industry. However, the ongoing legal battle between the SEC and Ripple may have an impact on the future of global finance, and it is worth exploring what this means for the industry.

What is ISO 20022?

ISO 20022 is a standard for financial messaging that allows for more efficient and effective communication between financial institutions. It is designed to replace the existing messaging standards that have been in use for many years, which are often outdated and inefficient. ISO 20022 is a comprehensive standard that covers all aspects of financial messaging, including payment initiation, account reporting, and transaction processing.

The adoption of ISO 20022 is expected to bring significant benefits to the financial industry. It will allow for faster, more secure, and more accurate transactions, reducing the risk of errors and fraud. It will also make it easier for financial institutions to communicate with each other, reducing the need for manual intervention and improving the overall efficiency of the system.

The Impact of the SEC vs Ripple Lawsuit

The SEC vs Ripple lawsuit is a legal battle that has been ongoing since 2020. The SEC has accused Ripple, a blockchain-based payments company, of conducting an unregistered securities offering by selling its XRP token. Ripple has denied these allegations and has argued that XRP is not a security but a digital currency like Bitcoin or Ethereum.

The outcome of this lawsuit could have significant implications for the adoption of ISO 20022 in the financial industry. If the SEC is successful in its case against Ripple, it could set a precedent for other blockchain-based companies and tokens. This could lead to increased regulation and scrutiny of these companies and could slow down the adoption of new technologies in the financial industry.

On the other hand, if Ripple is successful in its defense, it could pave the way for more blockchain-based companies to operate without the same level of regulatory oversight. This could lead to increased innovation in the financial industry and could accelerate the adoption of new technologies such as ISO 20022.

It is also worth noting that the adoption of ISO 20022 could have implications for the regulation of cryptocurrencies and digital assets. As more financial institutions adopt this standard, it could become easier for regulators to monitor and regulate these assets, which could lead to increased adoption and legitimacy.


In conclusion, ISO 20022 is a significant development in the financial industry, and its adoption is expected to bring many benefits to financial institutions around the world. However, the ongoing legal battle between the SEC and Ripple could have an impact on the future of global finance and the adoption of new technologies such as ISO 20022. It is important to monitor this situation closely and to consider the potential implications for the industry.



*Not investment advice. I am not a financial advisor, just someone intrigued with the intricacies of the global financial marketplace. Perform your own research before making investment decisions.


  1. “ISO 20022: The New Global Standard For Financial Messaging,” FinTech Futures, September 3, 2020,
  2. “SEC v. Ripple,” U.S. Securities and Exchange Commission,
  3. “How the SEC vs. Ripple Lawsuit May Impact the Future of Cryptocurrency,” The Motley Fool, February 17, 2021,

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Ripple’s XRP: Will it be a CBDC?

Photo by: Jason Dent

As the world becomes increasingly digital, the concept of central bank digital currencies (CBDCs) has been gaining traction among governments and financial institutions. One of the most talked-about CBDCs is Ripple’s XRP, which has the potential to revolutionize the way we think about money.

XRP is a cryptocurrency that was created by Ripple Labs in 2012. It is designed to facilitate fast and cheap cross-border transactions, making it an attractive option for international payments. But beyond that, XRP has the potential to become a game-changer as a CBDC.

CBDCs are digital versions of fiat currencies that are issued and backed by central banks. They have the potential to provide a range of benefits, including increased financial inclusion, reduced transaction costs, and improved security. However, the implementation of CBDCs requires a robust technological infrastructure and a secure and reliable payment system.

This is where XRP comes in. XRP’s distributed ledger technology, called the XRP Ledger, is already being used by a number of financial institutions and payment processors to facilitate cross-border payments. The XRP Ledger is a decentralized platform that allows for secure, fast, and low-cost transactions, making it an ideal infrastructure for CBDCs.

One of the main advantages of using XRP as a CBDC is its ability to tokenize the global economy. The tokenization of assets involves converting real-world assets, such as stocks, bonds, and commodities, into digital tokens that can be traded on a blockchain. This has the potential to create a more efficient and transparent financial system that is accessible to everyone.

By using XRP as a CBDC, central banks could tokenize their fiat currencies, enabling them to be traded on a decentralized platform. This would make it easier for people to buy, sell, and trade different currencies, and could potentially lead to increased financial inclusion and economic growth.

In terms of market cap, the potential for XRP as a CBDC is significant. According to Ripple, there are currently over 6,000 financial institutions using its technology, with a total market cap of $481 billion. If XRP were to become a widely used CBDC, its market cap could increase significantly.

Of course, there are challenges that need to be overcome before XRP can become a widely used CBDC. These include regulatory and security concerns, as well as the need for a robust technological infrastructure. However, given the potential benefits of using XRP as a CBDC, it is likely that we will see more experimentation in this area in the coming years.

In conclusion, XRP has the potential to revolutionize the way we think about money and payments. As a CBDC, it could tokenize the global economy, making it more efficient and transparent. While there are challenges to overcome, the potential benefits of using XRP as a CBDC make it an exciting area to watch in the world of finance.



This is not financial advice. I am not an investment advisor. Do your own research. Crypto and digital assets are speculative. Information from this may influence from chat AI.

World Economic Forum and ISO 20022

Photo: Krzysztof Hepner

The World Economic Forum (WEF) has been actively promoting the adoption of ISO 20022 as a global standard for financial messaging. This is done through various initiatives and partnerships with financial institutions, central banks, technology companies, and standard-setting bodies.

The WEF believes that the adoption of ISO 20022 can improve the efficiency and security of financial transactions, reduce costs and errors, and create new opportunities for innovation.

The WEF also supports the development of the standard by providing a platform for stakeholders to share best practices and collaborate on implementation efforts. Additionally, the WEF also works to raise awareness of ISO 20022 and its benefits among policymakers, regulators, and other stakeholders in the financial services industry.

Ripple is a technology company that provides a blockchain-based payment protocol, called XRP Ledger, that facilitates cross-border payments and money transfers.

Ripple’s technology is built on the ISO 20022 standard. By using the ISO 20022 standard, Ripple’s payment protocol can communicate with other financial systems and organizations, making it easier for banks, payment providers, and other financial institutions to exchange information and process transactions.

This allows Ripple’s payment protocol to facilitate cross-border payments in a more efficient and secure way. Additionally, Ripple is also a member of the ISO 20022 Registration Management Group (RMG) which is a group of experts from the financial industry and standardization bodies that helps to develop and maintain the ISO 20022 standard.


I am not a financial advisor. Do your own research before investing.

5 Points About ISO 20022

ISO 20022 is an international standard for financial messaging that provides a common platform for the exchange of electronic financial messages between financial institutions and other organizations.

It was developed by the International Organization for Standardization (ISO) and is maintained by the ISO Technical Committee TC68 Financial Services. ISO 20022 provides a flexible and extensible format for financial messages, which allows for the efficient exchange of financial data between different systems and platforms. It is widely adopted in the financial services industry, including in areas such as payments, securities, and foreign exchange.

ISO 20022 helps financial firms in several ways:

  1. Standardization: It provides a common format for financial messages, which allows for the efficient exchange of financial data between different systems and platforms. This standardization helps reduce errors, lower costs, and improve efficiency in financial transactions.
  2. Interoperability: ISO 20022 enables financial institutions to communicate with each other, regardless of the systems they use. This improves the ability of financial firms to participate in global financial markets and to offer their services to a wider range of customers.
  3. Straight-through-processing: The use of ISO 20022 enables the automation of financial transactions, by providing a common language for different systems to communicate with each other. This can help reduce errors and costs associated with manual processing.
  4. Rich data: ISO 20022 provides a rich set of data elements that can be used to convey financial information, allowing for more detailed and accurate financial messaging.
  5. Innovation: ISO 20022 enables new financial services to be developed, by providing a common format for the exchange of financial messages. This allows for the development of new financial products, such as mobile payments, and services, such as real-time gross settlement systems.

Overall, ISO 20022 helps financial firms to reduce costs, improve efficiency, and increase their ability to participate in global financial markets.



I am not a financial advisor. Perform your own research before making any investment. You are responsible for your choices 🙂

#ISO20022 #DigitalCurrency #Cryptocurrency #Fintech #money

Wealth Speculation is Nothing New

Aleksi Raisa

Let’s be honest, people have been speculating on various avenues for fortune over the course of human history. We are over a decade in the cryptocurrency “main stream” environment. I say that because the idea of digital assets goes back decades before Bitcoin (BTC) was launched.

Yet here we are in the year 2022 wanting and waiting for the same gold rush style wealth that was possible in the American West in the 1800s. People spent fortunes, risking everything they had to strike it rich on the speculation of a gold claim. Media and government propaganda machines convinced everyone from hard working to get-rich-quick people with no means and no job to throw everything they knew to chance and start digging.

This brought people from all walks of life to a new area of the country, encouraging settlement, economies, and new lives to take root. The westward expansion during the gold rush did less for the miners and more for the long-term establishment of American economies and society in an area that to this day, is still often wrought with difficulties (earthquakes, fires, floods, landslides, etc.). None the less, the expansion brought forward by speculation enabled growth and acceptance of a culture to settle into an unknown and unfamiliar territory.

Out of the countless failures of the speculators, few success stories were made. Today, we see nothing different than when we look at that period of time. People pouring into a new asset class, following propaganda, tips, and hints, pushed forward by those “in the know.” There is nothing inherently wrong with educated investment and moderate speculation (money you will never miss once gone) in a quest to achieve financial gain, but it should be sought with caution and an educated understanding of what the assets are all about. Read white papers and understand the technology. Have an understanding of where the digital assets will be regulated, because they will be regulated. Watch the big players and see where they are developing partnerships and interests. Just as the West became regulated, all things will eventually fall under the control of government and banking institutions.



This is not investment advice. This is my view on history and investing. I am not an investment advisor. This is for entertainment and informational purposes. Consult a licensed financial advisor before trading.

Money is Moving Faster. Time for you to Understand.


As the world move closer to widespread adoption of ISO 20022, the future standard for international transactions, what can we expect from the cryptocurrency world? For one, it is unlikely that major cryptocurrencies such as Bitcoin (BTC) will be used for conducting cross-border transactions. Not only is Bitcoin built on a proof-or-work consensus, but its transaction time is exceedingly slow compared to other projects in the fintech space. Bitcoin is also not currently an ISO 20022 compliant digital asset.

Of the thousands of cryptocurrencies in existence, the following currently comply with the ISO 20022 standard: (courtesy

One only needs to visit the ISO 20022 website to dive deeply in the guts of the project. Here, you can explore the many members of the standards committees across the five domains that the standard will address. The business domains are: payments, securities, cards and related retail financial services, foreign exchange, and trade services.

As far as the ISO standard’s syntax, the most widely used is eXtensible Mark-up Language (XML). This is not to be confused with the digital asset minted by Steller, the Lumen (XLM). The reason for using this syntax is simple, it is the most widely used method for encoding documents electronically.

Real Time Gross Settlement processing (RTGS) is speeding up the movement of money. It facilitates the electronic movement of money from bank to bank in seconds, settling out with near immediacy. This enhancement of transaction speed creates new levels of liquidity by freeing up funds that would otherwise be used as nostro/vostro or delayed settlement through old messaging systems, such as SWIFT MT. Follow this link to see a timeline of the adoption for ISO 20022 and RTGS across the globe.

Image Source: Compact

The ISO 20022 project is over a decade old and quickly approaching unilateral adoption across the global monetary system. Referring back to the five business practices gives you a good understanding of the impact that the world of finance will experience in the coming months. While many cryptocurrency projects are left seemingly unaffected, watch for the legal outcome of one particular company engaged in the global payment remittances sector, Ripple. While the US Securities Exchange Commission is trying to convince the legal system that the cryptocurrency XRP was sold as an unregistered security, the digital asset XRP does comply with the ISO 20022 standard and the company Ripple is on the ISO 20022 Payment Standards Evaluation Board as an expert for one of the five business practices: payments.



This is not investment advice. I am not an investment advisor. This is for entertainment and informational purposes. Consult a licensed financial advisor before trading.

Blockchain Impacts – Understanding ISO 20022

Photo: NASA

Most people have never heard of SWIFT, nor do they have any idea of how money have moved around the globe for the past 40+ years. Regardless of catching up to speed now, the world of international payments is about to receive a major overhaul. There is a massive amount of information regarding this standard and by 2025, all financial institutions will have to be able to process ISO 20022 compliant payments. The five business domains that ISO 20022 covers are: payments, securities, cards and related retail financial services, FX (foreign exchange), and trade services.

The new standard, currently in an opt-in phase, will allow for open and transparent messaging between financial institutions around the globe. Within the new syntax-rich messaging system is a central repository containing the information necessary to support the various APIs.

In order to move the current financial messaging system from the existing legacy system, a team of dedicated professionals work to support the migration to the new system. This is a delicate transfer and must be performed with diligence, since not all institutions are migrating at the same time.

Putting it simply, all major currencies that exist have already adopted ISO 20022 or have a migration plan to adopt. The reason, in a nutshell, is the improved efficiency that this standard provides. End-to-end processing of payments messaging are streamlined, and delivery is straight forward. SWIFT MT has been the legacy system enabling payments to move around the globe since the 1970s. This will no longer be the case.

Interesting information about ISO 20022 can be found on the Payments Standards Evaluation Group page on the ISO 20022 website. Under the list of EXPERTS, two of the member entities listed in the column dominated by countries are in fact, not countries. These two member entities are SWIFT, the current legacy payments system, as well as Ripple. Ripple is a US based company deeply engrained in the development of RTGS (real-time gross settlement) digital ledger technology. Ripple is also embattled in a lawsuit that was brought on by the US Securities Exchange Commission in December of 2020. SWIFT is a registered expert on the list of all business domain experts while Ripple is on the list for payments.

If you are interested in the payments portion of the ISO 20022 standard, research ISO 20022 compliant digital assets. Any financial institutions that are processing payments on the SWIFT MT network will be switched over to the ISO 20022 standard by November 2022.

To understand the standard more intimately, I suggest viewing the standards website for the most specific information.



This is not investment advice. I am not an investment advisor. This is for informational and entertainment purposes. Consult an investment advisor.

The Lawsuits are Piling-up. It’s a Bad Time to be a Successful Crypto-exchange.

This suit is not so dissimilar to another brought against Ripple, creator of XRP, when a couple of XRP holders felt their returns were not what they should have been. I’ve included the article from, so please follow the link for more information.

Coinbase Hit With Lawsuit From Shareholder Alleging 2021 Stock Listing Was Based On Misinformation.

Top US-based crypto exchange Coinbase is getting hit with a lawsuit alleging that the firm’s 2021 stock listing was based on misleading information. …

Coinbase Hit With Lawsuit From Shareholder Alleging 2021 Stock Listing Was Based On Misinformation

People need to understand the risks associates with investing and know the difference of investing early in new technologies that may or may not survive.

In a technologies infancy, there are likely to be wild price swings. Do your homework and only invest what you can afford to lose.



This post contains a repost from

BlackRock Partners with Coinbase

When the world’s largest asset management firm, BlackRock, partners with a leading cryptocurrency platform, we must begin to take notice of the emerging asset class. Read the Bloomberg article here. VanEck already has approximately $500M worth of digital assets under management in ETFs, but holding the actual digital asset may be where the real money is. The Blackrock and Coinbase partnership fuses just that; access to the actual tokens as well as custody through Coinbase Prime.

I would be remiss not to draw attention to Larry Fink’s previous stance on cryptocurrency can be listened to in this Bloomberg video. Mr. Fink was showing no signs of interest in digital assets, even though his firm, along with others, were building out digital asset trading platforms.

Ultimately the operational outcome of this move will allow BlackRock’s platform, Aladdin, to work with Coinbase Prime. Coinbase stock price suffered a substantial drop since going public on April 14, 2021. However, the partnership announcement with BlackRock has been nothing but good news for the titan cryptocurrency platform struggling recently due to tightening financial markets around the globe.



All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.

#crypto #xrp #xlm #algo #hbar #miota #qnt #xdc #iso20022 #cryptocurrency #money #futureofmoney #blackrock #coinbase

ISO 20022 and Crypto

Monumental changes are on the very near horizon in the Finserv sector. As early as August 2022 (next week), financial institutions will be able to opt-in to the ISO 20022 standard through the SWIFT community. By November 2022, the option will be generally available.

Let’s look at some of the details. ISO 20022 is the standard for electronic data interchange between financial institutions. It will be the standard messaging system for financial institutions around the globe to track and monitor payments. This means that the way money moves globally is changing. The SWIFT network is the standard method used to move money around the globe and has been the legacy system in use since the 1970s. Technology is now available and being deployed that will allow the exchanges payments messages to be transformed under the ISO 20022 standard. This change will produce efficiencies on a massive scale.

How does this relate to crypto? Currently, there are seven (7) ISO 20022 compliant cryptocurrencies. They are XLM, HBAR, MIOTA, XDC, XRP, ALGO, and QNT. These currencies represent different transaction systems, but have made their business use case compliant with the standard that is quickly becoming the way money moves around the globe.

Furthermore, both Ripple and Stellar are members of the ISO 20022 Standards Body. Each company has minted a native cryptocurrency that run on their digital ledger technology and they are XRP and XLM, respectively.



All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.

#crypto #xrp #xlm #algo #hbar #miota #qnt #xdc #iso20022 #cryptocurrency #money #futureofmoney