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Post 15204
ISO 20022: The New Language Of Payments (Digital Currency Scheme Goes Live Nov. 2025)
In October, 2021, the Fed spread the word that all Fed banks are going to implement the ISO 20022 system for Fedwire Funds Service (FFS). In July, 2023, they launched FedNow, a precursor to CBDCs for us every day working Americans.
Curiously enough, Ripple's blockchain-based payments XRP were already compliant with ISO 20022 before the Fed made their announcement as tweeted by Ripple's senior vice president of product, Asheesh Birla in 2020.
HSBC will be delivering a series of high value major payment scheme migrations to achieve full ISO 20022 compliance by November 2025, when the existing payment format will be discontinued.
Payment Market infrastructures (PMIs) of all major currencies are either live or in the process of adopting ISO 20022 by November 2025 for cross border payments.Adoption plans are still evolving in each market and further clarity will be provided over time.
Things are moving real fast.
SOURCE
In October, 2021, the Fed spread the word that all Fed banks are going to implement the ISO 20022 system for Fedwire Funds Service (FFS). In July, 2023, they launched FedNow, a precursor to CBDCs for us every day working Americans.
Curiously enough, Ripple's blockchain-based payments XRP were already compliant with ISO 20022 before the Fed made their announcement as tweeted by Ripple's senior vice president of product, Asheesh Birla in 2020.
HSBC will be delivering a series of high value major payment scheme migrations to achieve full ISO 20022 compliance by November 2025, when the existing payment format will be discontinued.
Payment Market infrastructures (PMIs) of all major currencies are either live or in the process of adopting ISO 20022 by November 2025 for cross border payments.Adoption plans are still evolving in each market and further clarity will be provided over time.
Things are moving real fast.
SOURCE
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ISO 20022: The New Language Of Payments (Digital Currency Scheme Goes Live Nov. 2025)
In October, 2021, the Fed spread the word that all Fed banks are going to implement the ISO 20022 system for Fedwire Funds Service (FFS). In July, 2023, they launched FedNow, a precursor to CBDCs for us every day working Americans.
Curiously enough, Ripple's blockchain-based payments XRP were already compliant with ISO 20022 before the Fed made their announcement as tweeted by Ripple's senior vice president of product, Asheesh Birla in 2020.
HSBC will be delivering a series of high value major payment scheme migrations to achieve full ISO 20022 compliance by November 2025, when the existing payment format will be discontinued.
Payment Market infrastructures (PMIs) of all major currencies are either live or in the process of adopting ISO 20022 by November 2025 for cross border payments.Adoption plans are still evolving in each market and further clarity will be provided over time.
Things are moving real fast.
SOURCE
In October, 2021, the Fed spread the word that all Fed banks are going to implement the ISO 20022 system for Fedwire Funds Service (FFS). In July, 2023, they launched FedNow, a precursor to CBDCs for us every day working Americans.
Curiously enough, Ripple's blockchain-based payments XRP were already compliant with ISO 20022 before the Fed made their announcement as tweeted by Ripple's senior vice president of product, Asheesh Birla in 2020.
HSBC will be delivering a series of high value major payment scheme migrations to achieve full ISO 20022 compliance by November 2025, when the existing payment format will be discontinued.
Payment Market infrastructures (PMIs) of all major currencies are either live or in the process of adopting ISO 20022 by November 2025 for cross border payments.Adoption plans are still evolving in each market and further clarity will be provided over time.
Things are moving real fast.
SOURCE
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