Content Introduction
This video is part two of a series exploring ISO 222, a new global financial standard that is mandatory for banks and financial institutions. The hosts discuss how this standard enables the processing of trillions of dollars daily, having gone live in the United States recently. They highlight eight altcoins that are fully compliant, including Ripple's XRP, Hedera, Algorand, and XDC Network. Each project is examined for its unique features and potential in the blockchain sector. Particular emphasis is placed on the role of these cryptocurrencies in enhancing cross-border payments, transaction security, and regulatory compliance, particularly in relation to ISO standards, thereby aligning with the future of finance. The video concludes with invitations for viewer interaction regarding the significance of these advancements.Key Information
- ISO 222 is a new global financial standard that is mandatory and being rolled out, enabling banks and other entities to process trillions of dollars daily.
- The first implementation of ISO 222 went live in the United States on July 14, 2023, with only eight altcoins currently compliant with this standard.
- The video is part two of a series covering various altcoins that are ISO 222 compliant, having previously discussed four in part one: Cardano, Hideera, Quant, and IOTA.
- Part two focuses on the remaining four compliant projects, highlighting how they meet new standards for financial transactions.
- Ripple and its token, XRP, is emphasized for its engagement in global financial integration and being the first blockchain to adopt ISO 222 standards back in 2020.
- Hideera is a faster and scalable hashgraph project, focusing on transactions and tokenization, also emphasizing strong institutional governance.
- Algorand stands out for its compatibility with ISO 222 compliance, offering strong institutional appeal and regulatory alignment, as well as partnerships in the biometric payment sector.
- XDC network focuses on trade finance and payment solutions, distinguished by its hybrid blockchain architecture and special consensus mechanism for secure transactions.
Timeline Analysis
Content Keywords
ISO 222
ISO 222 is a new global financial standard that is mandatory and being implemented now, enabling banks and other financial entities to process trillions of dollars daily.
XRP
XRP, as part of Ripple, is a leading blockchain that integrates seamlessly into the ISO 222 standards and aims to facilitate faster and cheaper cross-border payments.
Hideera
Hideera is a hashgraph offering efficiency and scalability, with a strong focus on transactions, tokenization, and maintaining ISO 222 compliance for increased legitimacy.
AlgoRand
AlgoRand is recognized for its high throughput, low fees, and strong institutional appeal, aiming to optimize trade finance through ISO 222 compliance.
XDC Network
XDC Network specializes in trade finance and payment solutions, offering enterprise-friendly use cases while being ISO 222 compliant to enhance its market credibility.
Related questions&answers
What is ISO 222?
When did ISO 222 go live in the United States?
How many altcoins are fully ISO 222 compliant?
What are some of the key benefits of ISO 222 compliance?
What are some projects that are ISO 222 compliant?
What are the advantages of using Hadera?
What is the significance of Ripple and XRP in the context of ISO 222?
How does Algorand leverage ISO 222 compliance?
What is the XDC Network and how does it relate to ISO 222?
What are some real-world applications of ISO 222 compliant projects?
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