Will digital currencies wane or flourish as banks adopt ISO 20022?

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City AM

By Crypto AM: Taking a Byte Out of Digital Assets with Jonny Fry The introduction of ISO 20022 in March 2023 will be a huge upgrade for the way banks will be able to exchange information about payments. ISO 20022 will allow much more structured data to be shared – upgrading SWIFTs 40-year-old messaging system and potentially giving fiat currencies the ability to compete with CBDC and other digital currencies. Alternatively, will ISO 20022 enable cryptocurrencies, fintech companies and potentially TradFi firms to create their own ISO compliant digital currencies and provide a range of new value…

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