What are the benefits of using IOTA in the ISO 20022 standard for digital transactions?

3 answers

• Shruti AldarNov 08, 2023 · 2 years ago
  Incorporating IOTA into the ISO 20022 standard for digital transactions brings several benefits. Firstly, IOTA's Tangle technology offers a scalable and feeless platform for secure and fast transactions, which can greatly improve the efficiency of digital transactions. Additionally, IOTA's focus on IoT (Internet of Things) integration allows for seamless machine-to-machine transactions, enabling new use cases and expanding the reach of digital currencies. Lastly, by adopting the ISO 20022 standard, IOTA ensures compatibility and interoperability with existing financial systems, facilitating the integration of digital currencies into traditional banking and payment infrastructures.
  689

  345
• Manoj RajputMar 07, 2022 · 3 years ago
  Using IOTA in the ISO 20022 standard for digital transactions has numerous advantages. With IOTA's Tangle technology, transactions can be processed without fees, making microtransactions and machine-to-machine payments more feasible. The scalability of the Tangle also enables high transaction throughput, which is crucial for the growing demand of digital transactions. Moreover, by adopting the ISO 20022 standard, IOTA can leverage the existing infrastructure and protocols used in traditional financial systems, making it easier for businesses and individuals to adopt and integrate IOTA into their existing workflows.
  622

  208
• Joseph ReidOct 08, 2020 · 5 years ago
  As an expert in the digital currency industry, I can confidently say that incorporating IOTA into the ISO 20022 standard for digital transactions is a game-changer. The Tangle technology used by IOTA offers unparalleled scalability and security, making it an ideal choice for digital transactions. By adopting the ISO 20022 standard, IOTA ensures compatibility with existing financial systems, allowing for seamless integration with traditional banking and payment infrastructures. This opens up new opportunities for businesses and individuals to leverage the benefits of IOTA in their digital transactions, ultimately driving innovation and efficiency in the digital currency ecosystem.
  688

  172