On June 5th, Verge announced a significant milestone in its development: its own token, XVG, an open-source digital currency, is now fully compliant with the ISO 20022 standard.
According to the official statement, Verge is now recognized as one of the cryptocurrencies that comply with this standard, although its exact position in the list may vary depending on the source of information. It's important to note that some sources include Cardano (ADA) in this list, while others exclude it. One of the recent reviews in Cryptopolitan lists the following coins as ISO 20022 compliant:
- XRP (XRP)
- Quant (QNT)
- Algorand (ALGO)
- Stellar (XLM)
- Hedera HashGraph (HBAR)
- IOTA (MIOTA)
- XDC Network (XDC)
- Cardano (ADA)
- Verge (XVG)
The Verge project also confirms that they occupy the ninth position in this list. Furthermore, the Verge project states that the XVG coin has successfully passed the SEC's Howey Test and is not considered a security.
Similar to other projects, Verge aims to bridge the gap between traditional finance and the world of cryptocurrencies. The standardized message format allows for easy integration of Verge with financial institutions, providing users with the choice between the ISO standard and Verge's unique functionalities.
At the same time, Verge adheres to the core principles of a public ledger currency envisioned by Bitcoin's founder, Satoshi Nakamoto, and continues to develop various security features.
