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A former Ripple developer has debunked the$XRPISO 20022 compliance claims.However, $XRPcould still benefit from RippleNet’s alignment.

The latest argument started with Jake Claver, CEO of Digital Ascension Group, praising $XRPfor what he sees as a forward-thinking move. He claimed that $XRPrecognized early onthe importance of ISO 20022, a global standard that letsfinancial institutions exchange data in a common, streamlined format.

Ex Ripple Developer Debunks “$XRPISO 20022 Compliance” Claims

Claver arguedthat this focus is now paying off, claiming the network now processes hundreds of billions of dollars in daily transactions. He described ISO 20022 as one of the most importantupgrades in finance, yet it is still misunderstood by much of the crypto industry.

He called the idea that $XRPitself is ISO 20022 compliant a complete misunderstanding. According to him, this misunderstanding is fueled by misleading statements in the crypto space. In response, Claver admittedto erroneously conflating Ripple with $XRPin his original statement.

Notably, the latest argument resurfaced a long-running discussion around the “$XRPISO 20022 compliance” claims. For context, much of the confusion comes from people blurring the lines between Ripple, the company, and $XRP, the cryptocurrency.

$XRPis Not ISO 20022 Compliant, But It Could Benefit from RippleNet’s Alignment

Specifically, Ripple’s global payments network, RippleNet, does in factcomply with ISO 20022. Ripple becamethe first blockchain-focused company to join the ISO 20022 Standards Body in May 2020.

Since then, RippleNet has been built to fully support the standard, letting it integrate with banks and payment providers worldwide through a single API.

On the other hand, $XRPhas no relationship with ISO 20022 compliance. $XRPruns on the $XRPLedger, which uses JSON-based APIs instead of ISO 20022’s XML format. ISO 20022 is not a certification for tokens, as it’s a messaging standard.

As a result, cryptocurrencies themselves cannot technically be “ISO 20022 compliant.” Ripple’s Chief Technology Officer, David Schwartz, has confirmedthat $XRPhas no direct link to the standard.

The common misunderstanding likely comesfrom $XRP’s role in Ripple’s On-Demand Liquidity (ODL) service, which runs onRippleNet’s ISO-compliant framework to settle cross-border payments instantly.

However, even without direct compliance, $XRPstill benefits from RippleNet’s alignment with ISO20022.With more banks and financial institutions worldwide moving tothe standard, likethe U.S. Federal Reserve recently didfor its Fedwire system, RippleNet becomes easier to adopt.

Notably, the biggest advantage for $XRPis interoperability. RippleNet’s compliance meansit canconnect directly with global financial systems that followthe ISO 20022 standard, and$XRPcan thenserve as the asset that bridges currencies in real time.

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