- XRP community confronts reality as ISO compliance myths collapse completely.
- Diana’s update clarifies RippleNet functions without linking XRP to ISO.
- Schwartz confirms ISO 20022 impacts banks only, not cryptocurrency assets.
The myth that XRP is an ISO 20022-compliant token has long fueled debate and anxiety across the crypto community. However, these assumptions have been laid to rest following the deadline for migration for financial institutions using the SWIFT network on November 22.
Diana (@Investwithd), a prominent voice in the XRP community, cited Ripple’s CTO, David Schwartz’s comment explaining that XRP has nothing to do with ISO 20022. She noted that Schwartz dismissed the idea entirely by stating that ISO 20022 is a messaging format for banks, not a certification for cryptocurrencies.
Besides this clarification, Diana highlighted that Schwartz urged users to separate Ripple’s software capabilities from the independent role of the XRP token. His comments encouraged the community to reevaluate previous assumptions that had circulated widely without official confirmation.
Moreover, Diana pointed directly to the official ISO website, which stated clearly that no cryptocurrency is ISO 20022 compliant. This confirmation challenged earlier lists that appeared across social media and grouped XRP, XLM, XDC, ALGO, IOTA, and HBAR as compliant tokens without evidence.
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What Actually Happened During the Weekend Transition
According to Diana’s breakdown, the key activity last weekend involved banks completing the retirement of SWIFT’s older MT messaging format. Institutions had already been using both MT and ISO 20022 messages for more than a year; however, SWIFT flipped the final switch by “turning off” the old messaging format on Sunday.
This, according to Diana, has nothing to do with XRP or other crypto assets widely labeled as compliant tokens.
Additionally, Diana explained that the confusion grew because RippleNet supports ISO formatted messages, which allows banks to integrate Ripple’s software more smoothly. Schwartz addressed this misunderstanding by confirming that RippleNet’s compatibility does not apply to XRP itself.
Furthermore, Diana noted that while RippleNet’s design helps banks adopt modern communication standards, it does not make XRP a compliant token, does not put XRP inside the SWIFT system, and certainly does not make banks automatically use XRP. This separation became the focal point of the clarification, as online narratives often blurred the distinction between Ripple technologies and token utility.
Why the Myth Continued for So Long
According to Diana’s analysis, many users merged the functions of Ripple, the company, with the role of the XRP token, which allowed the myth to persist. Schwartz’s comments cut through that confusion by reiterating that ISO 20022 only improves how banks structure and exchange payment data.
Consequently, the official information from both Diana’s source and Schwartz showed that ISO 20022 has no requirement for blockchain involvement. Market observers followed the conversation closely as it became clear that the banking upgrade focused strictly on communication standards and not crypto adoption.
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