Ripple's compliance with ISO 20022 could pave the way for XRP's integration into traditional payment systems.
ISO 20022 is a messaging standard that provides a structured and data-rich common language for financial institutions.
Ripple joined the standards body in 2020, allowing its payment network, RippleNet, to integrate with other ISO 20022-compliant institutions.
Ripple's compliance may facilitate XRP's integration into established banking institutions, and its payment solution ODL could gain more popularity as financial institutions switch to ISO 20022.