Recently, Vincent Van Coode's analysis has attracted attention in the XRP community and the broader crypto ecosystem. He highlights Ripple's unique positioning in global finance and discusses the upcoming challenges and opportunities for the company.
The Role of ISO 20022 in Ripple's Strategy
Van Coode notes that Ripple was one of the earliest advocates of ISO 20022, the global standard for electronic data exchange between financial institutions. This standard provides a system-agnostic interface that allows new and old systems to communicate seamlessly. As banks and financial institutions adopt ISO 20022, Ripple's early commitment may turn out to be a strategic advantage.
Ripple's Development Plan
Van Coode describes Ripple's roadmap as nothing less than a 'mega program of work' spanning decades. The process involves several phases:
* Adoption: Establishing trust, overcoming compliance hurdles, and scaling demand. * Growth: Reaching critical mass through majority adoption across institutions. * Acquisition: A future stage where Ripple could resemble SWIFT – owned wholly or partially by its member banks.
Long-term Prospects and Infrastructure
Van Coode's analysis underscores that Ripple offers a long-term strategy that does not assume instant wins. This raises questions about how decentralized Ripple's future will be and whether XRP will remain a central element of its operations. The possibility of Ripple being partially or fully owned by banks could alter the company's status in the financial world.
The overall conclusion of the analysis is that Ripple is playing a long game, and the adoption of ISO 20022 may serve as the bridge that makes its vision feasible.
