XRPL could connect blockchain-based payments accounting systems that financial institutions and businesses already use.
Crypto researcher SMQKE made this point in a recent tweet, confirming that the XRP Ledger can support ISO 20022 payment workflows for banks. “Yes, the XRPL can be used to send ISO 20022 payments for banks. Confirmed. Watch,” SMQKE wrote.
The attached video demonstrates how a payment system can connect XRPL with existing financial accounting processes. Rather than requiring users to change their familiar accounting procedures, the demonstration shows how a component can convert XRPL payment data into a format that existing software can process.
Yes, the XRPL can be used to send ISO 20022 payments for banks.✅
Confirmed.🔒
Watch.🍿👇 pic.twitter.com/kh453DJL7X
— SMQKE (@SMQKEDQG) September 29, 2026
Video Demonstrates XRPL Integration
In the video, the speaker explains how accounting users and small and medium-sized enterprises currently manage payments. He then discusses the global migration toward ISO 20022 and explains how the payment standard fits into the proposed system.
The demonstration introduces a component that connects XRPL payments with an accounting workflow. The speaker explains that the component can retrieve online payments from the ledger and transform the payment information into an ISO 20022 format.
The system then creates a file that users can import into their existing accounting software. The demonstration shows the process with a five Swiss franc payment. After the system processes the transaction, the accounting software records the received amount while the user continues with the familiar workflow.
This process allows the accounting system to handle the transaction without requiring the user to recreate the payment information.
Sending and Receiving Payments Through XRPL
The speaker also explains how the system handles both sides of a payment. While a sender can use XRPL to send the payment, the receiver can use the ledger to receive the transaction and convert its information into a format that existing accounting software understands.
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The demonstration therefore focuses on connecting XRPL with established financial infrastructure. The proposed component converts ledger payment data into the accounting format, allowing users to maintain their existing processes.
SMQKE’s post presents this functionality as confirmation that XRPL can support ISO 20022-based payment workflows. The accompanying video focuses on the technical connection between the ledger and accounting software, rather than requiring businesses to replace their current systems.
The demonstration also shows how a user could receive a payment through XRPL, convert the transaction into an ISO 20022-compatible format, and continue using familiar accounting software. SMQKE’s post highlights this capability in the transition toward standardized financial messaging and presents XRPL as a network that can work alongside existing accounting infrastructure.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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