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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Nov 12, 2025 08:07 UTC
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ISO 20022 Upgrade Goes Live: What It Means for XRP, XLM, XDC, and HBAR
SWIFT retires old MT system, officially adopting ISO 20022 for faster global cross-border transactions.
ISO 20022 bridges traditional banking with crypto networks like XRP, XLM, XDC, and HBAR.
Banks must now upgrade systems to handle ISO 20022 payments, boosting blockchain integration potential.
A major shift in global finance is finally here. SWIFT is retiring its old MT payment system this month, giving full control to ISO 20022. This upgrade could completely change how banks communicate and move money across borders. And for cryptos like XRP, XLM, XDC, and HBAR, it might be the turning point for mainstream adoption.
Global Payment System Is Upgrading
ISO 20022 isn’t a new concept, it was introduced back in 2004. But only now, with the rise of blockchain and advanced financial technologies, are banks and institutions ready to fully adopt it.
This global messaging standard modernizes how financial data is shared between systems, allowing faster, more transparent, and more detailed cross-border transactions.
This month marks a major milestone as the coexistence period between SWIFT’s old MT system and the new ISO 20022 messaging standard officially ends. This means all global banks are now required to upgrade their systems to handle ISO 20022 payments, and that directly connects with crypto.
Why It Matters for Crypto?
The adoption of ISO 20022 means that financial institutions can now more easily integrate with blockchain networks that already follow this format.
This upgrade could help bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi), creating smoother pathways for cross-border payments, remittances, and even tokenized assets.
Cryptos like XRP, XLM, XDC, and HBAR were designed with ISO 20022 compatibility in mind, making them natural fits for global banking infrastructure..
More Than Just Ripple’s Moment
However, as Nick noted, this isn’t just about Ripple. ISO 20022’s upgrade is a rising tide that could lift all utility-driven projects.
As financial data becomes more structured, programmable, and interoperable, cryptos built for real-world use cases, not speculation, could finally step into the spotlight.
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FAQs
ISO 20022 is a modern messaging standard that replaces SWIFT’s old MT system, enabling faster, richer, and more transparent global payments.
ISO 20022 makes it easier for banks to integrate with blockchain networks like XRP and XLM, boosting adoption for cross-border payments.
It unifies financial data worldwide, improving speed, accuracy, and interoperability—bringing traditional and digital finance closer together.
Yes, by aligning global banking data with blockchain-ready formats, ISO 20022 could accelerate the use of utility-based cryptos like XRP and XDC.
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