XRP neighborhood researcher “SMQKE” has uncovered what they describe as direct proof from Ripple’s and R3 Corda’s codebases, confirming XRP’s compatibility with ISO 20022.
The post additionally emphasised XRP’s potential to combine seamlessly with the SWIFT community.
Notably, within the screenshot from RippleNet’s JSON schema, the time period “ISO20022 ExternalClearingSystemIdentificationCode Checklist” is explicitly referenced beneath the “externalClearingSystem” definition.
SMQKE interpreted this as affirmation that Ripple’s structure aligns with ISO 20022 standards, the worldwide messaging format that governs monetary information change throughout SWIFT and different main fee methods.
The prevailing view is that by structuring its schema round ISO 20022 identifiers, Ripple units XRP up for regulatory and technical compatibility with banks and monetary establishments already transitioning to this new messaging commonplace.
Considerably, Ripple is among the many first crypto companies to declare alignment with ISO 20022. XRP proponents typically use this connection to suggest that XRP itself is a part of the usual. Nonetheless, this view is extensively debated.
Regardless of counterstatements from Ripple’s CTO, David Schwartz, the talk has not subsided, and proponents like SMQKE proceed to advance this narrative.
“XRP has nothing to do with ISO 20022.”
ISO 20022 is a messaging commonplace for funds, XRP is a cryptocurrency. Whereas there might actually be tasks utilizing each of this stuff, there isn’t any actual inherent overlap between them. 8/13— David ‘JoelKatz’ Schwartz (@JoelKatz) April 8, 2023
XRP and SWIFT Providers Imported in R3 Corda Code
In the meantime, SMQKE’s publish additionally included a second picture from R3 Corda’s codebase, revealing imports for each XRP and SWIFT companies throughout the identical module. Strains of code clearly present imports for:
- XrpPayment
- XrpSettlement
- SWIFTService
- SWIFTPaymentStatusType
In accordance to SMQKE, this integration means that XRP and SWIFT-based operations can coexist throughout the identical enterprise blockchain infrastructure. Nonetheless, some within the XRP neighborhood disagree. They stress that XRP goals to replace legacy systems like SWIFT relatively than coexist with them.
Within the tweet, SMQKE emphasised that this supposed technical alignment allows Ripple and the XRP Ledger (XRPL) to host seamless settlement capabilities for SWIFT-enabled establishments, doubtlessly main to broader institutional adoption.
Clarifications in regards to the XRP Look within the Codebases
Whereas hypothesis round XRP’s ISO 20022 readiness and its use in R3 Corda for settlement has circulated for years, proponents ceaselessly level to these direct code references as concrete proof.
Nonetheless, critics be aware that these codes stem from an preliminary proof of idea involving XRP. The total integration never materialized and even led to authorized issues between R3 Corda and Ripple.
The persistence of this debate, regardless of clarifications, reveals the passion inside components of the XRP neighborhood to promote a promising future for the asset. Nonetheless, even some neighborhood members have grown detached, arguing that ISO 20022 compliance—assuming it even exists—just isn’t significantly extraordinary or significant.
What precisely is your level? Being “ISO20022”-compliant just isn’t that of a giant deal tbh. On the finish, you simply have to assist that message format.
— Sabr (@_lonedd) May 6, 2025
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