ISO 20022 | What Lies Ahead for Financial Messaging in Crypto?
As ISO 20022 continues to gain traction in the financial world, debates are heating up about its implications for cryptocurrencies like XRP. Critics and enthusiasts alike express mixed feelings about the standard's potential to influence market fluctuations amid ongoing supply and demand issues.
Context and Implications
ISO 20022 aims to streamline financial messaging across platforms such as SWIFT. While some welcome the upgrade, many in the crypto community remain skeptical about its immediate financial impact.
Key Concerns from the Community
Supply and Demand Dynamics: Comments from the community reinforce that without increasing demand, XRP's oversupply could hinder price appreciation. As one holder bluntly stated, "Nothing. It’s just a messaging standard. Nice that xrp ticks that box but not some flip the switch bollocks."
Cautious Speculations: There is a general wariness about jumping to conclusions regarding XRP's price movements, with many urging careful consideration of market conditions. One gut feeling shared was, "My gut says… nothing. Sadly, even though this is a landmark event. Adoption is everything."
User Utilization: Others echo that the true value of XRP will depend on user engagement. As expressed, "Been holding 52k XRP, fuck inflation, it’s my bitch!" highlighting a commitment to the asset amidst uncertainty.
The Ripple Effect on XRP
While the SEC case against Ripple remains a hot topic, opinions vary on growth potential for XRP. Many commenters reflect a mixture of hope and skepticism regarding how ISO 20022 will impact prices, with some considering future court outcomes as a catalyst.
"Too much supply of XRP for its current demand! No significant price changes unless there’s a demand increase,"
Future Outlook
With ISO 20022 emerging as the new standard, the financial landscape is bound to shift gradually. Experts predict adoption rates among institutions could see a 10-20% rise this year. A favorable SEC ruling and improved APIs might also pave the way for substantial price growth by 2026.
Takeaway Messages
🔄 ISO 20022 might not lead to immediate price spikes.
🌎 Institutional adoption will unfold slowly but surely.
📈 Community sentiment is a mix of guarded caution and long-term optimism.