ISO 20022: Could Standardized Messaging Cut Down Bitcoin While Boosting XRP?

Crypto researcher SMQKE has sparked debate in the community by suggesting that the growing use of ISO 20022 in financial messaging could cut down Bitcoin's value while benefiting XRP.

According to an excerpt shared by SMQKE, the standardization of financial messaging could lead to greater interoperability between central bank digital currencies (CBDCs) and traditional payment systems. This could reduce the need for cryptocurrencies like Bitcoin as an alternative to centralized payment systems.

XRP, on the other hand, is mentioned in the excerpt as a cryptocurrency that could benefit from ISO 20022 adoption and operate alongside CBDCs within centralized payment systems.