Cryptocurrency Q&A
Is bitcoin ISO 20022?
Is bitcoin ISO 20022?
DreamlitGlory
Fri Dec 06 2024
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5 answers
1058
I'm wondering if Bitcoin follows the ISO 20022 standard. I've heard about this standard being used in financial transactions, and I'm curious if it applies to cryptocurrencies like bitcoin as well.
5 answers
CryptoMagician
Sun Dec 08 2024
Financial institutions and payment systems across the globe are progressively integrating ISO 20022 standards into their operational frameworks.
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KpopStarlet
Sat Dec 07 2024
This shift towards ISO 20022 is aimed at enhancing the efficiency, security, and interoperability of financial transactions.
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Carolina
Sat Dec 07 2024
In contrast, cryptocurrencies operate independently of the traditional financial system.
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SsamziegangSerenadeMelodyHarmonySoul
Sat Dec 07 2024
They do not automatically adhere to the ISO 20022 standard, which is widely used by banks and payment processors.
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Valentina
Sat Dec 07 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the crypto market. These include spot trading, futures trading, and wallet services, allowing users to buy, sell, and store digital assets.
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