Ripple makes new shift as Swift plans ISO 20022 upgrade in March RippleXRP XRPArmy XRPCommunity XRPHolders payments crossborder
The use of ISO 20022 for international payments has only recently begun to expand. As a result, Ripple and its RippleNet customers were early adopters of ISO 20022 for cross-border payments. on real-world utility, which includes non-fungible tokens , central bank digital currencies and sustainability at the beginning of 2023. It claims that a focus on real-world applications will help propel the coming age of CBDCs.
In this light, Ripple anticipates the launch of new CBDC pilot programs around the world and has thus prepared. James Wallis, VP of central bank engagements, predicts an emphasis on interoperable CBDC solutions that enhance cross-border payments. Ripple's shift to utility extends to NFTs, with a second wave of NFTs exploring real-world use cases, such as real estate and carbon markets in the works.
Crypto's real-world utility also extends to sustainability-oriented initiatives, as blockchain and cryptocurrency are seen as playing a bigger role in the effort to combat climate change.
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