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OGNotable timeline of Ripple and the SEC’s fight
XRP vs SEC timelineOne of the long-standing issues in the crypto market, the legal battle between Ripple and SEC has been going on for over two years. Let’s take a look at the notable timeline of Ripple and the SEC’s fight. · Dec 2020 The SEC filed a lawsuit against Ripple Labs, alleging that they had conducted an unregistered securities offering by selling XRPtokens. · Jan 2021 Ripple filed its initial response to the SEC’s lawsuit, denying the allegations and arguing that XRP is not a secur...
OGConsole’s New Feature ‘Verify’: Distribute Discord Roles via Wallet Verification
We’ve added a new feature for NFT creators called ‘Verify.’ Creators can create and distribute roles based on certain criteria–currently, we only offer the ability to determine roles based on the number of NFTs held in a single wallet. After an NFT creator sets the minimum number for each role and adds our bot to a channel, holders can connect their wallet to automatically receive a role. The following is guide on how creators and holders can use our new feature, ‘Verify.’For NFT CreatorsAfte...
OGv1.2 is out 🚀 Here’s what you need to know
So in the past few weeks, we’ve been collecting surveys, conducting user interviews, and completing our masterplan for a seamless digital asset community & exchange. Our next update will be HUGE. And, it’ll take some time and a lot of QA to get it just right. So, about a week ago, we decided to pencil in a smaller update—we wanted to add features many of you requested in your survey answers and user interviews. Enter v.1.2, a modest upgrade to our current crypto community platform.TL;DRFollow...
OGNotable timeline of Ripple and the SEC’s fight
XRP vs SEC timelineOne of the long-standing issues in the crypto market, the legal battle between Ripple and SEC has been going on for over two years. Let’s take a look at the notable timeline of Ripple and the SEC’s fight. · Dec 2020 The SEC filed a lawsuit against Ripple Labs, alleging that they had conducted an unregistered securities offering by selling XRPtokens. · Jan 2021 Ripple filed its initial response to the SEC’s lawsuit, denying the allegations and arguing that XRP is not a secur...
OGConsole’s New Feature ‘Verify’: Distribute Discord Roles via Wallet Verification
We’ve added a new feature for NFT creators called ‘Verify.’ Creators can create and distribute roles based on certain criteria–currently, we only offer the ability to determine roles based on the number of NFTs held in a single wallet. After an NFT creator sets the minimum number for each role and adds our bot to a channel, holders can connect their wallet to automatically receive a role. The following is guide on how creators and holders can use our new feature, ‘Verify.’For NFT CreatorsAfte...
OGv1.2 is out 🚀 Here’s what you need to know
So in the past few weeks, we’ve been collecting surveys, conducting user interviews, and completing our masterplan for a seamless digital asset community & exchange. Our next update will be HUGE. And, it’ll take some time and a lot of QA to get it just right. So, about a week ago, we decided to pencil in a smaller update—we wanted to add features many of you requested in your survey answers and user interviews. Enter v.1.2, a modest upgrade to our current crypto community platform.TL;DRFollow...
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Let’s talk about ISO20022, a universal financial messaging standard that’s revolutionizing communication between financial institutions.
This powerful tool offers improved interoperability, flexibility, and data quality.
Before ISO 20022 (MX messages), various legacy systems like SWIFT MT (Message Type), EDIFACT (Electronic Data Interchange for Administration, Commerce, and Transport), FIX Protocol (Financial Information eXchange), and FpML (Financial products Markup Language) were used. These systems had limitations, including data fragmentation, high costs, and complex integration processes.
With ISO 20022, the financial world gains:
Interoperability: seamless communication between different institutions and systems
Flexibility: adaptable to evolving business requirements
Enhanced Data Quality: precise, structured data reducing errors and manual intervention
Improved Compliance: efficient reporting, less mistakes from human error, and improved security and fraud prevention
Cost Reduction: streamlining communication and reduced multiple messaging systems
Speed & Transparency: standardized messaging supporting rich, structured data format means better visibility into the transaction details and faster payment processing
Key components of ISO20022 include:
Business Process Models: a common understanding of financial processes using UML (Universal Modeling Language)
Message Definitions: standardized elements for consistent information exchange
XML Schema (Extensible Markup Language): human readable and machine-readable encoding for efficient processing
Straight-Through Processing (STP): allows transactions to be processed end-to-end without manual interference, resulting in faster settlement times
Adoption & Migration:
Financial market infrastructures worldwide are embracing ISO 20022, making it the go-to messaging standard for new market initiatives and existing infrastructures’ migration projects.
In conclusion, ISO 20022 is transforming the global financial ecosystem, providing a unified, flexible, and future-proof financial messaging standard.
Stellar Lumens (XLM) and Ripple (XRP) are two digital assets with ISO 20022 membership. As more institutions and digital assets adopt it, we can expect greater communication and collaboration across the industry.
You can check out the official ISO 20022 website here.
Follow us on Twitter & come join our crypto community where we discuss and share more insights and knowledge.
Let’s talk about ISO20022, a universal financial messaging standard that’s revolutionizing communication between financial institutions.
This powerful tool offers improved interoperability, flexibility, and data quality.
Before ISO 20022 (MX messages), various legacy systems like SWIFT MT (Message Type), EDIFACT (Electronic Data Interchange for Administration, Commerce, and Transport), FIX Protocol (Financial Information eXchange), and FpML (Financial products Markup Language) were used. These systems had limitations, including data fragmentation, high costs, and complex integration processes.
With ISO 20022, the financial world gains:
Interoperability: seamless communication between different institutions and systems
Flexibility: adaptable to evolving business requirements
Enhanced Data Quality: precise, structured data reducing errors and manual intervention
Improved Compliance: efficient reporting, less mistakes from human error, and improved security and fraud prevention
Cost Reduction: streamlining communication and reduced multiple messaging systems
Speed & Transparency: standardized messaging supporting rich, structured data format means better visibility into the transaction details and faster payment processing
Key components of ISO20022 include:
Business Process Models: a common understanding of financial processes using UML (Universal Modeling Language)
Message Definitions: standardized elements for consistent information exchange
XML Schema (Extensible Markup Language): human readable and machine-readable encoding for efficient processing
Straight-Through Processing (STP): allows transactions to be processed end-to-end without manual interference, resulting in faster settlement times
Adoption & Migration:
Financial market infrastructures worldwide are embracing ISO 20022, making it the go-to messaging standard for new market initiatives and existing infrastructures’ migration projects.
In conclusion, ISO 20022 is transforming the global financial ecosystem, providing a unified, flexible, and future-proof financial messaging standard.
Stellar Lumens (XLM) and Ripple (XRP) are two digital assets with ISO 20022 membership. As more institutions and digital assets adopt it, we can expect greater communication and collaboration across the industry.
You can check out the official ISO 20022 website here.
Follow us on Twitter & come join our crypto community where we discuss and share more insights and knowledge.
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