A growing number of financial analysts are drawing attention to July 14 as a critical moment for XRP as global banks prepare to transition to ISO 20022. The shift, which will affect thousands of financial institutions, is expected to mark a new era in international payment processing.
According to fintech analyst Armando Pantoja, who shared insights via X, XRP is already fully compliant with the ISO 20022 standard. When the messaging protocol is made mandatory, this readiness could make the digital asset a key part of financial business worldwide.
In his post, Pantoja mentioned that banks have already chosen XRP for international payments. He pointed out that institutional investors have made moves, including planning a $300 million deal to set up a reserve of XRP.
The increase in attention reveals that many financial service institutions anticipate the protocol’s arrival.
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Even though signs of adoption and large-scale accumulation are visible, XRP’s price has not moved much recently. Pantoja indicated that the token might be experiencing market suppression, adding that the period of stagnation was temporary, as it contained built-up energy likely to surface once the external environment improved.
ISO 20022 Rollout Seen as Catalyst for XRP Utility
The global rollout of ISO 20022 is viewed as a fundamental upgrade to the financial messaging infrastructure. It will enable richer data exchange and improved transaction efficiency between banks and financial platforms.
Digital assets like XRP, which are built for high-speed global settlement, are considered suitable for integration under the new standards.
XRP is already used by banks in Japan, Brazil, the United Arab Emirates, and the United States for cross-border transactions. The fact that it is highly used in this stage highlights the importance of crypto in real finance.
Following the standard’s complete implementation next month, XRP’s present use in the industry may make it more useful than other non-compliant digital assets.
As July 14 approaches, XRP remains under close watch by market participants and institutions alike. Since its adoption of ISO 20022, the digital asset stands a good chance of gaining more recognition when the worldwide financial system updates its basic messaging framework, and banks are using it more widely.
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