SMQKE disclosed code snippets from the R3 Corda platform that connect Ripple’s XRP to SWIFT protocols. Although these revelations suggest potential integration with traditional financial frameworks, their wider significance is still disputed among the XRP community. Additionally, a recent finding by a community researcher has reignited discussions regarding ISO 20022 compatibility within the XRP community. A researcher named “SMQKE” posted pictures from Ripple’s JSON schema that mention the “ISO20022 ExternalClearingSystemIdentificationCode List” in the “externalClearingSystem” field. A small number of people interpret this evidence as objectively proving XRP’s potential for use in institutional payment systems. SMQKE has disclosed that Ripple’s JSON aligns with the ISO 20022 standard. Furthermore, SMQKE showcased excerpts from the code of the R3 Corda platform that connect the XRP and SWIFT protocols. The module list includes imports like XrpPayment, XrpSettlement, SWIFTService, and SWIFTPaymentStatusType. There is potential for XRP to merge with traditional financial systems, yet there is not a consensus within the broader XRP community regarding the effects of such integration. David Schwartz, the CTO of Ripple, has previously addressed several misconceptions regarding XRP’s role in these systems. In a comprehensive explanation, Schwartz clarified that XRP is not connected to ISO 20022 in any way. ISO 20022 is a standard for payment messaging, while XRP refers to a type of cryptocurrency.
Related Posts
XRP-Backed RLUSD Shatters 240M Supply: Inside Ripple’s 50M Daily Mint Surge
RLUSD’s supply hit 243 million after minting 50 million tokens in one day, its largest single issuance to date. It…

Japan Introduces New Cryptocurrency Regulations: BTC and ETH Classified as Assets
**Japan’s Financial Services Agency (FSA) Introduces a Friendly Two-Tier Classification System for Cryptocurrencies** Japan’s Financial Services Agency (FSA) has taken…

Whale Activity Fuels Speculation of Dogecoin Rally: Key Price Levels to Watch
Dogecoin (DOGE) is experiencing a surge of interest as large investors, known as whales, are increasing their holdings of the…