Crypto researcher SMQKE recently drew attention to the potential efficiency gains that could come from combining XRP with ISO 20022 data standards. In a post, SMQKE wrote, “XRP + ISO 20022 DATA STANDARDS COULD DRASTICALLY REDUCE FRICTION IN CROSS-BORDER PAYMENTS.” The researcher’s comment reflects an ongoing narrative that positions XRP and the ISO 20022 standard as complementary elements in addressing inefficiencies in international financial transactions. XRP + ISO 20022 DATA STANDARDS COULD DRASTICALLY REDUCE FRICTION IN CROSS-BORDER PAYMENTS Documented. https://t.co/Gf4Ws8M3OH pic.twitter.com/AVpGshD5MG — SMQKE (@SMQKEDQG) September 19, 2025 Understanding ISO 20022 ISO 20022 is an international financial messaging standard that establishes a common framework for payment data. It allows for structured, detailed, and machine-readable information to be transmitted with each payment message. This eliminates many of the limitations of legacy systems, where data fields were constrained and often led to incomplete or truncated information. By offering richer detail, ISO 20022 enables greater automation, improved reconciliation, and more efficient compliance screening. It has been adopted by major central banks , clearinghouses, and global payment networks as part of a phased migration process, to establish one uniform standard across the industry. The benefits of ISO 20022 are frequently described in terms of reducing friction. More structured data means fewer delays caused by manual interventions, improved interoperability across institutions, and enhanced capacity to meet regulatory requirements. In the context of cross-border transactions, this standard addresses one of the most persistent pain points: inconsistent and insufficient data that disrupts payment processing and increases cost. XRP’s Role in Settlement XRP is widely discussed for its ability to provide near-instant settlement with low transaction costs. The XRP Ledger processes transactions in a matter of seconds and imposes minimal fees, often measured in fractions of a cent. Supporters argue that these characteristics make it well suited for cross-border use cases where cost and speed are critical factors. When combined with ISO 20022, the claim is that institutions could achieve both fast settlement and clean, detailed payment messaging. The logic is that XRP reduces the settlement layer friction while ISO 20022 ensures that the information carried alongside payments is precise and consistent. This is the scenario highlighted by SMQKE. They describe a framework where XRP’s efficiency and ISO 20022’s structured data work together to address the long-standing challenges of cross-border payments. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Adoption and Implementation Considerations While the combination appears compelling, its practical application depends on adoption across the financial system. ISO 20022 is being rolled out gradually by major banks and financial market infrastructures, but the migration is complex and requires significant technical adjustments. Similarly, for XRP to be integrated effectively, institutions must align settlement processes with messaging frameworks and ensure compliance with regulatory requirements. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post New Document: XRP Can Drastically Reduce Friction In Cross-Border Payments appeared first on Times Tabloid .
