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    You are at:Startseite » Ripple Code Leak Suggests Direct XRP Tie to ISO 20022 Standard
    News

    Ripple Code Leak Suggests Direct XRP Tie to ISO 20022 Standard

    Bhushan AkolkarBy Bhushan Akolkar12. May 20250
    John Kiguru By John Kiguru 12. May 2025
    3 Mins Read
    • SMQKE also revealed code snippets from the R3 Corda platform linking Ripple’s XRP and SWIFT protocols.
    • While these findings hint at possible integration with traditional financial systems, their broader implications remain contested within the XRP community.

    An ongoing debate in the XRP community about ISO 20022 compatibility has gained renewed energy from a recent discovery by a community researcher. The researcher, known as “SMQKE,” shared images from Ripple’s JSON schema that include references to “ISO20022 ExternalClearingSystemIdentificationCode List” within the “externalClearingSystem” field. This evidence is understood by a few as objectively demonstrating XRP’s capability for institutional payment infrastructure.

    SMQKE Reveals That Ripple’s JSON References ISO 20022 Standard

    In addition, SMQKE presented snippets from the R3 Corda platform’s code that link both XRP and SWIFT protocols. Lines in the module list imports such as XrpPayment, XrpSettlement, SWIFTService, and SWIFTPaymentStatusType. Evidence that XRP and traditional financial systems might integrate is possible, but the wider XRP community is not uniformly certain about its implications.

    David Schwartz, Ripple’s CTO, has previously clarified a number of misunderstandings about XRP’s function in these systems. In a detailed breakdown, Schwartz explained: It should be noted that XRP bears no relation to ISO 20022. Schwartz: 

    ISO 20022 is a messaging standard for payments, XRP is a cryptocurrency. While there could certainly be projects using both of these things, there is no real inherent overlap between them,

    He further advised that these technical specifications should not be seen as signs of greater institutional involvement. “If you’re imagining that there’s some massive secret, you’re imagining. You can imagine anything about anything. Imagining things doesn’t justify believing them. Be excited about what is actually there or build things,” Schwartz stated.

    The Difference Between RippleNet & XRP Ledger

    In order to make Ripple’s infrastructure clearer, Schwartz explained the difference between RippleNet and the XRP Ledger. According to him, “RippleNet is totally different from the XRP Ledger.” “RippleNet is an enterprise payment system that eliminates barriers to using XRP(L) for the source or destination or bridge in enterprise payments.” He described RippleNet as “a private network based on early versions of ILP.”

    In response to wider perceptions within the Ripple community, Schwartz clarified that XRP cannot become a reserve of precious metals or act as a stablecoin. Schwartz said, “XRP can’t be pegged to gold, silver or anything else. XRP can’t magically become a stablecoin.”

    The new revelations from SMQKE regarding the codebase have fueled further discussion around XRP’s institutional use, but Ripple’s executives remain cautious about expectations. Thus, Schwartz emphasized that XRP and the XRPL are transparent systems: “XRP and the XRPL really are ‘what you see is what you get.’”

    Ripple XRP Ledger XRPL Labs
    This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
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    Bhushan Akolkar
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    Bhushan is a FinTech enthusiast and possesses a strong aptitude for understanding financial markets. His interest in economics and finance has drawn his attention to the emerging Blockchain Technology and Cryptocurrency markets. He holds a Bachelor of Technology in Electrical, Electronics, and Communications Engineering. He is continually engaged in a learning process, keeping himself motivated by sharing his acquired knowledge. In his free time, he enjoys reading thriller fiction novels and occasionally explores his culinary skills. Business Email: [email protected] Phone: +49 160 92211628

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