Cryptocurrency Q&A
Will ISO 20022 use crypto?
Will ISO 20022 use crypto?
CryptoSavant
Tue Dec 03 2024
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6 answers
1404
I'm wondering if ISO 20022, the international standard for financial messaging, will incorporate cryptographic technology in its operations. I'm curious about the possibilities and implications of such integration.
6 answers
MountFujiMystic
Thu Dec 05 2024
Cryptocurrencies possess the capability to be transmitted within ISO 20022 messages.
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KimonoGlory
Thu Dec 05 2024
The transmission occurs by encoding them as data content within the message structure.
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Lucia
Wed Dec 04 2024
However, at present, these cryptocurrencies are not subject to validation within the ISO 20022 framework.
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JejuSunshineSoulMateWarmth
Wed Dec 04 2024
Currently, traditional fiat currencies such as the Euro (EUR) and the US Dollar (USD) are utilized in ISO 20022 messages.
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Marco
Wed Dec 04 2024
These currencies undergo validation against the ISO 4217 standard, ensuring their authenticity and correctness.
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