Ripple XRP joins ISO 20022 The Global Payment Standard
Gesara.news » News » Ripple XRP joins ISO 20022 The Global Payment StandardNews Date: May 7, 2020
Cross-border payments network Ripple (XRP) announced that it has become part of the ISO 20022 Standards Body, becoming its first member focused on distributed ledger technology (DLT). The new payment messaging standard is set to replace SWIFT MT messages as the standard format for cross-border and high-value payments.
On February 3, 2017, Donald Trump issued a Presidential Executive Order on Core Principles for Regulating the United States Financial System.
The report of U.S. Department of the Treasury was prepared on July 2018, set A Financial System That Creates Economic Opportunities Nonbank Financials, Fintech, and Innovation.
Nonbanks are well integrated into the U.S. payments system and play key roles such as facilitating back-end check processing; enabling card issuance, processing, and network activities; and providing customer-facing digital payments software.
This report includes a limited treatment of blockchain and distributed ledger technologies.
Treasury report: treasury.gov
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On September 10, 2020 EO 13848 was EXTENDED FOR ONE YEAR due to the UNUSUAL AND EXTRAORDINARY THREAT TO NATIONAL SECURITY.
President Trump signed USA into a state of National Emergency. We will see what happens in a few days now. The emergency is ending.
Is this a pure coincidence?
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