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Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network

  • August 02, 2022
  • Impel

    Written By Impel

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Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network

New Cross-chain Interoperability via WanBridge Provides More Robust Options for Instant Settlement

Impel is pleased to announce today that bitcoin (BTC) has been added to its ISO 20022 financial messaging API as optional collateral for making payments. This addition enables BTC to be used in the instant settlement process for traditional banking services and other organizations that utilize the new ISO 20022 messaging standard. It offers the opportunity for improved customer experience, increased security, and significant operating cost savings.

The technology industry’s future lies in the broad range of techniques that allow different blockchains to communicate with each other. The transfer of digital assets and data between one blockchain to another is referred to as cross-chain compatibility. Interoperable bridges play a crucial role in providing these robust options for desired digital assets to be used for payment.

Impel
Written By: Impel

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