SMQKE (@SMQKEDQG), a crypto researcher, recently shared an interview featuring Marcus Treacher, a former Ripple executive, discussing Ripple’s alignment with ISO 20022.
In the interview, Treacher emphasized Ripple’s ongoing efforts to streamline cross-border payments by focusing on efficiency rather than being tied to specific technologies.
Marcus Treacher from Ripple discussing the relationship between ISO 20022 and XRP.
Listen closely.
https://t.co/TAhWKSo35Z pic.twitter.com/c298cl6wk6
— SMQKE (@SMQKEDQG) April 2, 2025
Ripple’s Approach to Cross-Border Payments
Treacher highlighted that Ripple’s mission has always been to reduce friction in cross-border transactions. “We’ve always had a real focus on removing all that friction,” he said. The company initially leveraged XRP to improve liquidity between fiat currencies and later incorporated the Interledger Protocol for rapid fiat-to-fiat transactions.
In 2016 and 2017, Ripple introduced RippleNet, establishing a governance framework for payments. Around the same time, the company also started prioritizing the quality of data that moves alongside transactions. This focus on structured financial messaging led Ripple to adopt ISO 20022 early in its development.
ISO 20022 and Global Payment Standardization
ISO 20022 is a global standard designed to enhance interoperability between financial systems by enabling structured data transfer. While many skeptics in the crypto space have doubts, Ripple has been committed to this standard from the outset.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
In another interview shared by SMQKE, Pegah Soltani, Ripple’s Head of Payments Products, explained its significance, highlighting it as a global standard and drawing attention to its advantages like interoperability, rich data transfer, and its ability to foster competition and growth.
Traditional payment networks such as SWIFT, TIPS in Europe, and the U.S. Federal Reserve system operate under distinct protocols. This lack of standardization results in inefficiencies, manual processing, and poor payment experiences.
SMQKE suggested that employing the ISO 20022 standard has been the plan since 2004 when both Ripple and the ISO 20022 standard were created. By aligning with ISO 20022, Ripple has the first-mover advantage and can address the challenges plaguing global finance, fostering competition and improving transaction speed and efficiency.
With XRP at the forefront of Ripple’s payment systems, those who have held on to the asset for a long time could reap significant rewards when its price rises to meet the global demand.
Ripple’s Vision for the Future
Treacher underscored that Ripple’s dedication to ISO 20022 is part of its broader mission to create seamless cross-border payments. The company has positioned itself as a leader in global finance and plans to bring meaningful change through XRP.
By taking an early role in shaping the implementation of ISO 20022, Ripple continues to push for a more interconnected and efficient global payment ecosystem.
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 urged to do in-depth 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.
Follow us on X, Facebook, Telegram, and Google News
