ARE BANKS GOING LIVE WITH CRYPTO CURRENCY IN NOVEMBER?

According to the latest news, some major banks are going to start accepting Cryptocurrency in November! This is huge news and could mean big things for the Cryptocurrency market!

In this video, we’re going to discuss what this means for the crypto markets. We’ll tell you what to expect and give you advice on how to invest in these potentially exciting markets! So don’t miss out on this important news – watch our video to find out more!

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Major Banking Players Ready to Embrace Crypto in 2023!

BNY Mellon, BNP Paribas, HSBC, and several other prominent banks are gearing up to integrate digital assets into their operations by November. There’s chatter about XRP potentially collaborating with radio tower networks and the possibility of trillions of dollars worth of bonds being directed towards the XRP ledger. Furthermore, there are intriguing updates about XRP’s involvement with ISO. Prepare for an exhilarating video breakdown!

This is going to be an information-packed session, so stay tuned as we delve deep into the latest developments. Let’s dive in!

In a significant move, BNY Mellon, BNP Paribas, HSBC, and other key players have expressed their commitment to update and implement digital asset usage by 2023. The magnitude of this decision and its implications is still under wraps, but it’s undoubtedly a game-changer.

A closer inspection of the provided context reveals an overview of change requests from these banks. They have been identified as sponsors, and the report details the types of messages that will be impacted by this shift. Notably, there’s a mention of 2023 as the year of implementation.

A slightly unclear section of the report suggests growing enthusiasm for re-purposing category five messages in association with ISO 20022 messages for digital asset servicing. Given the rising significance of digital assets, this strategy seems to demand minimal adjustments in the backend operations. The sentiment is echoed by most custodians outside of this working group, reinforcing the belief that digital assets will play a pivotal role in the future.

A highlighted segment of the report introduces the term ‘Wei,’ defined as a quintillionth. It further discusses a combination with the integer part of the decimal separator, a concept not fully represented in ISO 15022. While this section might be a tad technical, it’s a crucial aspect of the broader narrative.