Ripple States: "We Have Been Committed to ISO 20022 Since the Beginning"

Ripple's Alignment with ISO 20022: Ripple has consistently aligned itself with the ISO 20022 global financial messaging standard since its inception, emphasizing its role as a first mover in the development of payment infrastructure.

Challenges in Global Payments: Pegah Soltani, Head of Payments Products at Ripple, highlights the fragmentation in the global payments landscape, where different regions use varying protocols, leading to inefficient transaction handling and a lack of seamless integration.

Benefits of ISO 20022 Implementation: The ISO 20022 standard aims to unify financial information exchange, promoting interoperability, streamlining transactions, and enabling richer data transfer, which can enhance competition and reduce operational complexity.

Ripple's Security Commitment: Ripple has actively participated in shaping payment standards and holds SOC 2 Type 2 certification, demonstrating its commitment to security, privacy, and consistent data handling practices over time.