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How will the adoption of the ISO 20022 standard impact the price of XRP?

avatarTundeNov 24, 2021 · 3 years ago1 answers

What are the potential effects of the adoption of the ISO 20022 standard on the price of XRP in the cryptocurrency market?

How will the adoption of the ISO 20022 standard impact the price of XRP?
ISO 20022
XRP
Cryptocurrency

1 answers

  • avatarNov 24, 2021 · 3 years ago
    As a third-party digital currency exchange, BYDFi believes that the adoption of the ISO 20022 standard will have a positive impact on the price of XRP. The increased standardization and interoperability brought by ISO 20022 can enhance the credibility and trustworthiness of XRP, making it more attractive to investors. This increased demand for XRP can drive up its price in the cryptocurrency market. Additionally, the improved efficiency and transparency provided by ISO 20022 can make XRP a more viable option for cross-border transactions, further increasing its value.

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