How does the validation of the transactions work? They mention "reconciliation" several times but it's not very clear. Is it a centralized system that validates each transaction? Does anybody knows?
@ZERO DENIRO I'm no expert, but the ones that are predict that 90% of the other tokens currently on the market will disappear through regulations. Most of the iso20022 tokens are utility tokens that move assets at high speed and have actual functions, while even the OG BTC is widely regarded as a slow and simple speculative store of value...
@@visiblysane Done may be an over statement, but it may have to use ripple ledger for transforms. Either way XRP is has so much positive news on a daily basis it is going to be back to top 3 players and this market is blowing up, we just doubled up in the past week. And are about to head toward previous ATH.
@@breakfastponny ehh not true. XRP makes ODL interoperable - ie allows the exchange & instant settlement of value between any two assets. Can BTC facilitate this exchange and settlement?? No, no it cant.
XRP is the future, but you are delusional if you think that SWIFT will give up its position and capitulate before Ripple without putting up a (dirty if needed) fight. War has started. Great and serious content btw. Congrats.
Swift won't give up they will join the iso 20022 like others but will run with xrp xlm algo iota and more , they all bring loads to the table when look at the globle world markets and money and its 2000tril of 10 take over and get 50% of the 2000trill them top 10 will.be worth loads , mite take yrs but will happen and if run all 100% 20k a coin would be as 2000t ÷1b would need 20k a coin to cope but that why others involved, xrp will get a good 25% off the 2000tril so around 500tril rest will own smaller but it's happening, so the price I see is 2k to 10k max but 10k would take 20 yrs, 2k 2024
@@naturalinstinct6185 no swift xrp xlm algo xdc all going on iso20022 xrp will be the main bridge, work it out faster cheaper no matter how many run off it
wanted to understand. If 2 financial institutions want to send message to each other & they are using dr own platform (other than SWIFT) for clearing & settlement messages. If they use the Message ID submitted by SWIFT to ISO like pacs.008 then do they pay something to SWIFT to use Message ID or its free..
wanted to understand. If 2 financial institutions want to send message to each other & they are using dr own platform (other than SWIFT) for clearing & settlement messages. If they use the Message ID submitted by SWIFT to ISO like pacs.008 then do they pay something to SWIFT to use Message ID or its free..
I don’t believe so. The costs are spent in the methods the counter parties agreed to use, set for by the swift standards they agreed to use in the swift alliance.
This is the single best ISO20022 video or there. Can't believe I hadn't come across this
this deserves more views. very informative video
Why are ppl not watching this. Probably because us bullish ppl already know riches are coming, but WHY ARE PPL NOT WATCHING THIS!!!
Great presentation! thank you
Excellent presentation! Learnt a lot
very informative ... should deserve more views.
Loved every bit of it, many thanks
Very informative...nice video... looking forward to more such insights. Thank you.
Very useful and smart.
Great going... 👍 Impressive info
No where in the vid does it mention crypto, sp how do we know these coins will play a role in iso 20022
How does the validation of the transactions work? They mention "reconciliation" several times but it's not very clear. Is it a centralized system that validates each transaction? Does anybody knows?
So how do you profit from this shift? What skills do I need to learn to become marketable in relation to this change?
Buy the crypto currencies that are iso 20022 certified…. XLM XRP XDC FLR
Invest in the crypto currencies that are used, like the ones the dude mentioned plus chainlink, quant and algo
@ZERO DENIRO I'm no expert, but the ones that are predict that 90% of the other tokens currently on the market will disappear through regulations. Most of the iso20022 tokens are utility tokens that move assets at high speed and have actual functions, while even the OG BTC is widely regarded as a slow and simple speculative store of value...
@@CarpeOmnivs Flare Network is apart of ISO20022?
@@rayoski241 where have you seen this? That would great news.
could ripplenet be used as the global messaging standard?
I’m pretty sure that’s what’s going to be used. I think this swift thing is done
@@xrpnick6828 Why do u think swift is done?...I am new to financial systems here
@@visiblysane Done may be an over statement, but it may have to use ripple ledger for transforms. Either way XRP is has so much positive news on a daily basis it is going to be back to top 3 players and this market is blowing up, we just doubled up in the past week. And are about to head toward previous ATH.
@@breakfastponny ehh not true. XRP makes ODL interoperable - ie allows the exchange & instant settlement of value between any two assets. Can BTC facilitate this exchange and settlement?? No, no it cant.
SWIFT and Ripple works together to bring ISO 20022 live. They are not competitors as most think!
Women that know money are lovely.
I saw that only Ripples XRP is the only crypto complying with the standards. Interesting.
thats not true....xrp..xlm..xdc..algo..ada
@@k1m625 Iota?
@@Mentallect im not sure about iota
@@k1m625 yes
@@k1m625 source?
XRP is the future, but you are delusional if you think that SWIFT will give up its position and capitulate before Ripple without putting up a (dirty if needed) fight. War has started.
Great and serious content btw. Congrats.
Look at Swift's RUclips channel. They have a video from 8 months ago. They sound like they're talking about XRP ledger.
Swift won't give up they will join the iso 20022 like others but will run with xrp xlm algo iota and more , they all bring loads to the table when look at the globle world markets and money and its 2000tril of 10 take over and get 50% of the 2000trill them top 10 will.be worth loads , mite take yrs but will happen and if run all 100% 20k a coin would be as 2000t ÷1b would need 20k a coin to cope but that why others involved, xrp will get a good 25% off the 2000tril so around 500tril rest will own smaller but it's happening, so the price I see is 2k to 10k max but 10k would take 20 yrs, 2k 2024
So you think Xrp is end all be all ?
@@naturalinstinct6185 no swift xrp xlm algo xdc all going on iso20022 xrp will be the main bridge, work it out faster cheaper no matter how many run off it
@@chrisbarnsleysufc Ripple will be the bridge ! Users don't have to use Xrp to use Ripple unlike the other iso 20022 tokens.
Basically it's Bitcoin knockoff! There You have it in a nutshell.
XRP BITCHEZ
Ri
wanted to understand. If 2 financial institutions want to send message to each other & they are using dr own platform (other than SWIFT) for clearing & settlement messages. If they use the Message ID submitted by SWIFT to ISO like pacs.008 then do they pay something to SWIFT to use Message ID or its free..
wanted to understand. If 2 financial institutions want to send message to each other & they are using dr own platform (other than SWIFT) for clearing & settlement messages. If they use the Message ID submitted by SWIFT to ISO like pacs.008 then do they pay something to SWIFT to use Message ID or its free..
I don’t believe so. The costs are spent in the methods the counter parties agreed to use, set for by the swift standards they agreed to use in the swift alliance.