How many people are aware that a major shift is happening recently in the international remittance system? The new standard called ISO 20022 has officially started to move forward, and this is a very significant change.

Since November 22 of last year, financial institutions are required to adopt this ISO 20022 standard for payment instructions. In other words, the old SWIFT system is being gradually replaced, and this is affecting international transfers, large fund movements, and systems operated by major central banks.

What’s interesting here is the connection to cryptocurrencies. Six cryptocurrencies—XRP, XLM, HBAR, ALGO, IOTA, and XDC—are recognized as key utility chains because they are compatible with the ISO 20022 messaging standard. These projects originally focused on international remittances and use cases for institutional investors, which is why their attention is increasing now.

SWIFT is also being forced to adapt, issuing warnings about potential service disruptions and cautioning about message transmission during maintenance periods. This indicates that we are entering a major transformation phase in financial infrastructure.

This transition to ISO 20022 is not just a system update; it suggests that the role of cryptocurrencies may change as blockchain technology becomes more integrated. Especially from the perspective of institutional investors and financial institutions, the growing interest in these compatible projects is a natural development.