Hedera (HBAR), Stellar (XLM), and Cardano (ADA) Lead the Charge as ISO 20022-Compliant Cryptos That Could Partner With Central Banks
A new era in the financial technology world is upon us. On March 20, the world will transition to using ISO 20022 technology in financial communications, replacing SWIFT, and Hedera, Cardano, and Stellar are among the projects leading the march into this bold new world for crypto.
ISO 20022 is a new global protocol that financial entities will rely on to exchange financial messages securely. Previously, they have relied on SWIFT, which has been around for five decades. SWIFT came before most of today’s existing technology and can no longer keep up with the rapid advancements in the payments sector.