Vincent Van Code (@vincent_vancode), a popular software engineer on X, addressed a recurring misconception about XRP and ISO 20022 compliance. According to him, no blockchain currently uses the ISO 20022 financial messaging format in its APIs.
Many posts online have linked ISO 20022 compliance to XRP, and these claims are often based on Ripple’s involvement in cross-border payments. However, Van Code clarified that Ripple’s enterprise services are distinct from XRP or the XRP Ledger (XRPL).
Which crypto tokens are ISO20022 compliant?
REPEAT AFTER ME: NONE. That's right, I haven't seen any blockchain use ISO20022 messaging format for its APIs. Not even XRP, and definitely not BTC, ETH, HBAR,SOL, etc.
Let me clear up this misconception…
So when banking systems,…
— Vincent Van Code (@vincent_vancode) April 4, 2025
What ISO 20022 Actually Means
ISO 20022 is a standardized format for financial message exchange. It enables banking systems and financial institutions to communicate using a shared structure. These messages are machine-readable and designed for interoperability between institutions, reducing the need for custom middleware or message converters.
Van Code provided a sample payment message to demonstrate true ISO 20022 compliance. This structured XML message includes data fields for IBAN, BIC codes, transaction metadata, and more fields absent from blockchain API protocols.
Ripple’s Compliance Does Not Extend to XRP
While Ripple, the private company, uses ISO 20022 in its Ripple Payments product, Van Code pointed out that this has no connection to the XRP token or its decentralized ledger. “Ripple and RippleNet ARE NOT XRP or XRPL,” he wrote, emphasizing the difference between Ripple’s payment software and a public blockchain network.
Ripple Payments, hosted and operated by Ripple Labs, does follow ISO 20022 standards for its APIs. This is necessary for integration with existing banking systems and institutions that rely on ISO 20022 for messaging. However, XRP, like most blockchains, uses JSON for its APIs, a format that is not ISO 20022 compliant.
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The Call for Proper Blockchain Research
Van Code challenged users to provide any API documentation showing ISO 20022-compliant messaging formats on a blockchain. According to him, none of the blockchains using XRP or any other token have adopted the ISO standard in their messaging protocols.
He also criticized how blockchain supporters rely on marketing content and superficial articles rather than technical documentation.
Another expert recently called out influencers for predictions of an overnight price surge to targets like $10,000. These calls for proper research and realistic expectations are important, as unreasonable expectations can discourage crypto holders when those expectations are not met.
According to Van Code, there is currently no public blockchain that uses ISO 20022-compliant messaging in its APIs. While Ripple’s enterprise services are compliant, this is not true of XRP or XRPL.
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.
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