To those who think #ISO20022 will not have an effect on crypto. Tell me what else will? It's won't be retail becuase it's not enough of them to bring the cryptocurrency market to the masses. And the institutions that are coming in. Are coming in knowing ISO is a thing.
IN ADDITION to that...$QNT Quant Networks creator, created THE ISO standard for Blockchain technology TC307, so again how does ISO not have an effect on crypto? ISO standards are THE standards that establish a list of good practices for a specific technology or service.
The people that don't see ISO coming also didn't see the Metaverse. Let that sink in a minute. Those same people also think regulation is the end of crypto. Those same people also believe that altcoins have no value yet all the technologies of the future are built on Altcoins.
I think this bear cycle is going to change the typical crypto investor. 🤔 The dynamics that used to effect markets don't anymore, we saw that last year. With all that being said. I'll see you all you Non ISO types in November. ✌🏽
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To understand why ISO20022 will have a dramatic impact on crypto, you must first know what these standards are. Allow me to explain. 👨🏾💻
ISO20022 is a new financial standard that institutions will use to transact information from a wide variety of sources. Currently ISO standards are already being used and have been since the early 2000s. It was actually SWIFT that gave us the ISO we see today.
Every financial transaction comes with a set of code. These codes are what allow your request for money from your bank to be read by your bank the same way. I.E When you ask for 500$ they give you 500$.