Is XRP already compliant with ISO20022? A legal expert has just changed the conversation
The debate over XRP and ISO20022 has been going on for years. Some claim that XRP is “ISO20022 compliant,” while others completely reject this idea. Reality lies somewhere in between.
ISO20022 is a messaging standard used by banks, while XRP works in the liquidity and settlement space. The combination of these two roles has led to an ongoing exchange between analysts, developers, and the broader cryptocurrency community.
Bill Morgan breaks it down
Legal expert Bill Morgan She stepped in to clear things up, fending off critics like ScamDetective5.
Instead of saying that XRP is directly compatible, Morgan explained the actual structure. XRP operates through Ripple’s Interledger Protocol (ILP), which acts as a bridge to transfer value.
What he meant was very simple:
- ISO20022 → handles messages
- ILP → deals with liquidity and settlement
“Ripple has also played a big role in the evolution of this messaging layer for traditional finance. Ripple joined the ISO20022 standards council in 2020 and influenced the direction it took for cross-border uses and expansion of the standard to include DLTs.” stated
In short, Ripple played a role in shaping the ISO20022 standards and built its payment systems to comply with them. This creates indirect compatibility, even if XRP itself is not “compatible” in the traditional sense.
Analysts are backing down strongly
The response was quick. ScamDetective5 challenged Morgan, asking how an XRP payment would actually be implemented through ISO20022 and whether the same logic would apply to Bitcoin, since it could also interact with an ILP.
“Can you show me how to make an ISO 20022 XRP payment via ISO?”
More clearly – “Since Bitcoin is also interoperable with ILP, is it also indirectly interoperable with ISO 20022?”
Adding to the discussion, Vincent Van Code explained that no blockchain is technically compliant with ISO20022. Instead, systems like Ripple Payments use a compiler layer to communicate with the standard.
Others emphasized that ISO20022 opens the door for assets like XRP to integrate with SWIFT-based systems, furthering the broader adoption narrative.
Where things actually stand
Morgan doubled down, asking critics to point out exactly what was wrong with his interpretation. His position remains focused on technical accuracy rather than nomenclature.
In simple terms, XRP is not the messaging layer; It’s the liquidity engine behind it. This distinction is precisely why this discussion is repeated.
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