/biz/ - Business & Finance

>>54144007
>>54144932

https://www.federalreserve.gov/paymentsystems/files/fednow_faq.pdf

>Through engagement with the industry, the Federal Reserve has explored interoperability and other paths to achieving the ultimate goal of nationwide reach for instant payments. The Federal Reserve, however, cannot accomplish interoperability for instant payments alone. The industry—depository institutions and their service providers as well as service operators—must work towards this common goal, as it has in the past with other payment services. The
model and timeline for achieving interoperability will depend on the level of commitment and engagement across the industry. The Federal Reserve is committed to using the widely accepted ISO 20022 standard and other industry best practices to remove unnecessary and burdensome incompatibilities that could be a barrier to payment routing, a model of interoperability.

>ISO 20022
Hey schizos. Serious question. Why will they chose existing XRP instead of creating their own?