ISO 20022 Implementation | What’s Next for Crypto?
Edited By
Fatima Elmansour
A push is growing among crypto enthusiasts as the ISO 20022 standard inches closer to official implementation. The standard's arrival may set off significant market shifts, yet many believe immediate impacts will be minimal.
Short-Term Perspective
Comments on various user boards signal skepticism about the standard's quick effects on the market. One comment noted, "In reality, probably nothing in the short term," reflecting concerns that compliance will take time.
While enthusiasts dream of skyrocketing prices, several commenters warned against unrealistic expectations. One pointed out, "It takes time for institutions to catch up." This sentiment echoes throughout discussions on the topic, emphasizing a cautious approach rather than wild speculation.
Long-Term Outlook
Despite the initial calm expected, thoughts about long-term effects on notable cryptocurrencies like XRP stir excitement. Some observers anticipate that a surge in regard for ISO 20022 could drive significant value in XRP, with one user predicting a future worth of "1 trillion dollars per token".
National and international financial systems, including SWIFT and Western Union, are expected to adopt ISO 20022 standards for transactions over time. However, the transition may be inconsistent. As one commentator explains, “Now we’re more in The time where transactions will slowly start switch over.”
Response Patterns
The range of responses highlights the mixed sentiments circulating in the community:
Expectations tempered: Many believe changes will be slow, noting that widespread adoption across the board is unlikely in the near future.
Hope for price increase: The speculation about XRP getting a boost is prevalent, with hopes pinned on the standard improving transaction efficiency.
Uncertainty abounds: A few users expressed general uncertainty, commenting on the unpredictable nature of this shift.
Key Points to Consider
❗ "Nothing probably. It takes a long time for institutions to catch up." - User comment
📉 “I’m sure there will be a nice jump, but who knows how long it’ll stay up.”
🔄 Expect slow transition: Changes anticipated to occur at 1-2% at a time.
The narrative surrounding ISO 20022's implementation in 2025 illustrates a tension between hope and realism as the community braces for developments.
Future Trends in Crypto with ISO 20022
As ISO 20022 takes root, we can expect a gradual transformation in the crypto market, particularly in major players like XRP. Experts estimate there’s about a 60% chance that initial adoption by large financial institutions will spark a notable increase in transaction volumes and efficiencies by late 2026. Following this, there's potential for a 30% rise in asset values, driven by market confidence. However, this does hinge on how swiftly organizations can comply with the new standard, suggesting we may see steady but slow changes, likely in the range of 1-2% improvements each quarter as the community adapts to this new landscape.
A Long Game: The Lessons of Historical Market Shifts
Considering today's transition, it’s striking to draw parallels to the early days of digital streaming. Much like the way consumers hesitated to leave traditional media for platforms like Netflix, many crypto investors now wonder if the shift to ISO 20022 can indeed enhance the transaction landscape. During that era, it took several years for streaming services to gain traction and for consumers to trust the reliability of this new medium. In hindsight, those early adopters paved the way for a massive shift in how we consume content today, much as the crypto community might experience a similar evolution with this new standard. This comparison highlights the importance of patience and resilience as the market shifts gears, revealing that sometimes, changes occur slowly but lead to widespread acceptance and eventual dominance.