What is ISO 20020 and how can we enrich ourselves in this transition?

If you stay ready you won’t have get ready. This is not financial advice its only an itroduction.

ISO stands for (International Organizion for Standardization) . ISO 20022 is an international standard that helps businesses securely exchange money and financial data with one another. It was created to help financial institutions improve efficiency, reduce costs, and enhance transparency. It also provides a platform for real-time data exchange between market participants and customers.

ISO 20022 is being used by many institutions to help create secure, efficient, and cost-effective financial services for their customers. In particular, the standard is being used for cryptocurrency transactions. Since the cryptocurrency market is growing in size, the application of ISO 20022 is increasingly necessary.

Crypto tokens that are affiliated with ISO 20022 :

Quant (QNT)
Ripple (XRP)
Stellar (XLM)
Hedera (HBAR)
IOTA (MIOTA)
XDC Network (XDC)
Algorand (ALGO)

Others include Bitcoin (BTC), Ethereum (ETH), & Ripple (XRP). These tokens enable businesses to increase their efficiency and make transactions easier, faster, and more secure. They also help to create transparency across the financial ecosystem.

ISO 20022 can be used with smart contracts and crypto staking, enabling companies to build a secure, trusted platform.

Staking crypto is a way for holders of digital tokens to make a passive income by using their coins to “vote” for a network operator or to provide a guarantee for its security. In return, these users will receive a reward from the network depending on how much they stake. It is similar to earning interest in a savings account, minus the ability to transfer funds in and out quickly. The best platforms to sign up for staking will depend on the type of cryptocurrency being staked, but some of the most popular include Coinbase, Binance, and KuCoin. When staking, users will typically need to lock up their coins for a certain period of time and will need to research the various offerings to ensure that the staking program has a good reputation, is reliable, and provides good returns. While staking can be profitable, the user should be aware of the risk of losses and not invest more than they can afford to lose.

1. Buying Crypto Tokens Affiliated with ISO 20022: To buy crypto tokens affiliated with ISO 20022, you will need to visit a crypto exchange that supports crypto tokens aligned with the ISO 20022 standards. Each exchange has different procedures and processes for buying tokens, but generally, you will need to create an account, fund it with fiat currency or cryptocurrency, and trade your desired ISO 20022 tokens.

2. Transferring Crypto Tokens Affiliated with ISO 20022: To transfer crypto tokens aligned with ISO 20022, you will need to use a compatible wallet or exchange. Different platforms have different instructions on how to transfer tokens, so make sure to look up instructions from the service provider you’re using. Generally, once you’re logged in, you should be able to select the option for transferring tokens and then use the address associated with the intended recipient.

3. Storing Crypto Tokens Affiliated with ISO 20022: To securely store crypto tokens affiliated with ISO 20022 should ideally be stored in a digital wallet like Coinbase or Exodus. These services provide secure storage and give users the ability to send and receive tokens without ever needing to provide their personal information. Additionally, many other digital wallets offer users the ability to store tokens associated with ISO 20022.

How to use these tokens to create residual income in this crypto wealth transer? One way for individuals to create residual income using smart contracts and lending to larger companies is to use Decentralized Finance (DeFi) applications. DeFi applications can provide a layer of security and trust that allows individuals to participate in various lending and borrowing activities involving fiat currencies and cryptocurrency. Through these applications, individuals can lend to larger companies, with the assurance of a smart contract-enforced agreement in place. The income potential from these activities is based on predetermined interest rates and terms that are outlined in the smart contract. By actively participating in this type of lending, individuals can generate recurring income in the form of passive payments over time.

Gorilla Hustle LLC