8 Best Payment Coins with ISO 20022 Standards: There are XRP, XLM, and HBAR

Bittime - Standard ISO 20022 designed to unify global payment systems. So, this article will discuss the 8 best payment coins with ISO 20022 standards, including XRP, XLM, and HBAR. Check out the complete list in this article, OK!

Many crypto projects are now adopting this standard to streamline communication between financial systems and make cross-platform transactions easier. 

This article will discuss the 8 best payment coins with ISO 20022 standards, including popular coins such as XRP, XLM, And HBAR.

What is the ISO 20022 Standard?

ISO 20022 is an international standard for the exchange of electronic messages between financial institutions. This standard replaces older, non-uniform formats and enables more accurate, efficient, and interoperable data exchange. 

The goal is to create a faster and more secure payment system by enabling multiple platforms and participants to communicate with each other in one standardized language.

Initially, ISO 20022 was designed for traditional banking systems, but now this standard is also used by the crypto industry. With the adoption of the ISO 20022 standard, crypto coins can more easily integrate with the global financial system. 

This enables faster and more secure transactions, and opens up opportunities for crypto use in broader sectors, such as international payments and DeFi.

Read also: What is the SERAPH Token and its Tokenomics

List of 8 Best Payment Coins with ISO 20022 Standards

Here are 8 coins that have adopted ISO 20022 and are recognized as the best choice for blockchain-based payment transactions:

1. XRP (XRP) 

XRP is the most famous coin with ISO 20022 standards, focused on fast and cheap cross-border payments. XRP functions as a bridge currency that facilitates liquidity between various fiat currencies. 

Transaction speed and partnerships with major financial institutions make it a top choice for international payments.

Key Features:

• Fast and cheap cross-border transactions.
• Can handle up to 1,500 transactions per second.
• Uses RippleNet for integration with traditional financial systems.

2. Stellar (XLM) 

Stellar is a blockchain platform that focuses on fast and cheap financial transactions, especially for international money transfers. 

XLM, Stellar's native token, supports interoperability with traditional financial systems through the adoption of ISO 20022.

Key Features:

• Transactions are cheaper than traditional money transfer methods.
• Uses Stellar Consensus Protocol (SCP) for speed and efficiency.

3. Hedera Hashgraph (HBAR) 

Hedera Hashgraph is a public network that prioritizes decentralization, speed, and security. HBAR supports microtransactions and applications that require high speed. 

With the ISO 20022 standard, Hedera can more easily integrate with traditional payment systems.

Key Features:

• Supports smart contracts and decentralized applications (dApps).
• Very efficient and energy saving transactions.

4. Cardano (ADA) 

Cardano is a blockchain platform that prioritizes security and scalability. With the adoption of ISO 20022, Cardano makes ADA transactions easier between traditional financial institutions and blockchain.

Key Features:

• Eco-friendly Proof-of-Stake (PoS) consensus algorithm.
• Support for smart contracts and DeFi.

5. Quant (QNT) 

Quant carries a vision of interoperability between various blockchains. With the ISO 20022 standard, Quant can connect and facilitate transactions between various blockchain networks, providing a more efficient solution for sending data and transactions.

Key Features:

• Overledger Protocol that connects different blockchains.
• Facilitate collaboration between developers and companies.

Read also: Hedera (HBAR) Coin: Latest Price Analysis and Prediction Back to $0.23?

6. XDC Network (XDC) 

XDC Network is a blockchain platform for global trade and supply chain financing. 

With ISO 20022 support, XDC strengthens its ability to conduct cross-border transactions and ensure compliance with financial regulations.

Key Features:

• Combination of public and private blockchains for large-scale solutions.
• Transactions up to 2,000 transactions per second.

7. IOTA (MIOTA) 

IOTA uses innovative Tangle technology to overcome the limitations of traditional blockchain. As part of its adoption of ISO 20022, IOTA is focusing on micropayments and the Internet of Things (IoT).

Key Features:

• No transaction fees.
• Focus on IoT and industrial automation.

8. Algorand (ALGO) 

Algorand is a blockchain platform that prioritizes speed and decentralization. 

With the adoption of ISO 20022, Algorand is able to provide a payment system that is compatible with traditional finance and enables faster transactions.

Key Features:

• High scalability with over 1,000 transactions per second.
• Protokol konsensus Pure Proof-of-Stake (PPoS).

Read also: How many Rupiah is 1 TRON (TRX)? That's the Coin Price!

Conclusion

ISO 20022 is a major step towards integrating the crypto world with the traditional financial system. Coins like XRP, XLM, And HBAR who have adopted this standard pave the way for a future of more efficient, standardized and secure transactions. 

With increasingly widespread adoption, these coins have the potential to play an important role in shaping a more inclusive and connected global financial ecosystem.

FAQ

What are the main benefits of ISO 20022 in the crypto world?

ISO 20022 improves interoperability between systems, simplifies communication between crypto platforms and traditional financial systems, and increases the speed and security of transactions.

Why do coins like XRP and XLM matter to the ISO 20022 standard?

These coins offer a fast and cheap cross-border payment solution, and with ISO 20022, they can more easily integrate with the global financial system, expanding crypto adoption.

Do all crypto coins use ISO 20022?

Not all crypto coins have adopted ISO 20022. Only a few major coins consider this standard important for the future of interoperability and compatibility with traditional financial systems.

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Reference 

CoinCodex, ISO 20022 Crypto: List of Compliant Coins & Tokens in 2024, accessed January 6, 2025.

ISO 20022, About ISO 20022, accessed on 6 January 2025.

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