Across the globe, banks and large institutions are now adopting the ISO 20022 standard, a new messaging standard that helps systems communicate better. Industry experts have highlighted how this technical upgrade could benefit digital assets like XRP and Stellar Lumens (XLM). XRP and XLM are designed to work well with modern systems. Experts say they could become a larger part of global payments and transform how money moves worldwide. Global Financial Systems Are Moving to ISO 20022 Standard ISO 20022 allows financial institutions to send payment information clearly and in a structured. It improves data quality, increases transparency, and helps systems across countries collaborate more easily. In a video shared on X, the payments company Stronghold showed how it is using ISO 20022 along with blockchain technology . A company spokesperson explained that this combination improves how money is moved and makes the process more reliable and efficient. Stronghold is already using ISO 20022 messaging in real financial projects. This shows that blockchain and traditional systems can work together, rather than compete. Notably, it was revealed that all Single Euro Payments Area (SEPA) payments moved to ISO 20022 in 2022. The U.S. Federal Reserve has also announced plans to adopt the standard in July. This move will replace the outdated Fedwire Application Interface Manual (FAIM). Meanwhile, SWIFT has announced that it will fully transition to ISO 20022 by November. This global shift is poised to change how traditional and digital financial systems work together. XRP and XLM Are Built for This Change It was spotlighted that digital assets like XRP and XLM are better suited to connect with banks and payment systems. These digital currencies are fast, low-cost , and built to follow rules and standards, making them a good match for ISO 20022-based systems. The Bank for International Settlements (BIS) also recognises XRP and XLM as digital assets with strong potential to play key roles in future financial networks. As more banks switch to ISO 20022, they may turn to these for faster, safer, and cheaper payments. Stronghold Taps Ripple, Stellar, and Interledger for Real-World Use In a separate video clip , Stronghold’s CEO, Tammy Camp, explained that the company uses tools like Ripple, Stellar, and Interledger to link fiat money with digital systems. These technologies help bridge traditional and blockchain-based finance. They are connected through simple APIs, allowing different platforms to communicate and work smoothly. This setup helps Stronghold move money between banks and blockchain networks in real time. It also shows how XRP and XLM can support regular financial services without causing disruption. The post Industry Expert Says ISO 20022 Could Open New Doors for XRP and XLM appeared first on TheCoinrise.com .