A significant transformation is occurring within the financial sector as it transitions to the new ISO 20022 standard. This global shift is poised to influence the cryptocurrency market, potentially unlocking new investment opportunities and prompting investors to identify undervalued altcoins with significant growth potential.
Cryptocurrencies such as XRP and ICP are anticipated to benefit from this transition. However, a notable surprise could emerge from DeepSnitch AI, an artificial intelligence project. This project features agents designed to analyze on-chain data, a capability that will become increasingly crucial with the implementation of the new ISO 20022 standard. DeepSnitch AI's native token, DSNT, is currently in its presale phase and is experiencing substantial momentum, having already raised over $580,000, with the token's value increasing by 60%.
Banks are Migrating to ISO 20022: Implications for the Cryptocurrency Market
The new ISO 20022 standard, a global benchmark for financial transfers, is currently a prominent topic. Numerous central banks worldwide have announced their adoption of this standard, which could have far-reaching effects on the global economy, including the cryptocurrency market.
Currently, financial institutions and corporations predominantly rely on the SWIFT model, which utilizes MT technology. This technology, exemplified by standards like MT103 and MT202, has limitations in its field capacity and data structure. The forthcoming ISO 20022 standard, however, will leverage XML technology, enabling the incorporation of a far greater volume of information. This includes details such as the purpose of a payment, Know Your Customer (KYC) data, and corporate regulations.
Set to become the universal language for global payments by 2026, ISO 20022 promises to facilitate payments that are faster, more transparent, and more traceable. Cryptocurrency projects that can integrate with this standard will be better positioned to be adopted by banks for applications like Central Bank Digital Currencies (CBDCs) and international remittances. Several cryptocurrencies are already aligning with this new standard.
Ripple, for instance, was among the pioneers in adapting to the ISO 20022 standard, having done so as early as 2022. This early adoption means XRP is fully compatible and capable of offering seamless interoperability with banking systems. This compatibility provides XRP with a significant competitive advantage and could drive its widespread global adoption, positioning it as a strong contender for the next cryptocurrency to experience substantial growth.
DeepSnitch AI: A Cryptocurrency with 100x Potential
The ongoing transition of the global financial system to ISO 20022 is a trending subject with the potential to impact various cryptocurrency projects, including DeepSnitch AI. Despite being an artificial intelligence project, seemingly disconnected from this financial transition, DeepSnitch AI stands to gain considerably.
DeepSnitch AI operates as a blockchain intelligence platform that deploys five AI agents to monitor and track on-chain activities. For example, the SnitchFeed agent is responsible for tracking the movements of large holders, while the SnitchScan agent analyzes token security and identifies potential scams. While it is not a blockchain designed for payment structures like XRP, it functions as a sophisticated on-chain data analysis platform.
This capability provides DSNT with an indirect yet strategically important benefit. The ISO 20022 standard will necessitate the transmission of numerous data messages, including KYC, AML, LEI, and transaction purpose details, leading to a massive surge in data volume. Processing this extensive data will be a complex task, requiring the utilization of advanced tools such as those offered by DeepSnitch AI.
This positions DSNT among a select group of projects poised to benefit from the new ISO 20022 standard, marking it as a potential major cryptocurrency in 2026. The project's presale is currently thriving, offering an opportunity for investors to acquire the token at a low price of $0.02477. This presents an attractive entry point for individuals seeking the next cryptocurrency with 100x growth potential.
ICP: Swiss Banks Plan to Utilize ICP with ISO 20022
While compatibility with the new ISO 20022 standard is a technical prerequisite for a cryptocurrency to achieve interoperability with the banking system, it does not guarantee universal adoption. However, possessing this compatibility offers a distinct advantage, as is the case with Internet Computer (ICP).
The ISO 20022 standard requires messages to contain substantial data structures. Many blockchains face limitations in storage capacity or incur high costs, making it difficult to store the necessary volume of information. ICP, conversely, enables the storage of gigabytes of on-chain financial data at a minimal cost. This capability is a key reason why ICP was selected for partnerships with major Swiss banks, including Sygnum Bank.
Switzerland is recognized as a hub for blockchain innovation, often referred to as "Crypto Valley." Banks like Sygnum view ICP not merely as a token but as a foundational blockchain infrastructure capable of bridging tokenized finance with global financial systems, all within the framework of the ISO 20022 standard.
Following a 40% decline in November, ICP's chart suggests a potential upward movement towards retesting the $9.50 mark. While this trajectory may take several days, ICP's readiness for integration with ISO 20022 positions it as a strong candidate among cryptocurrencies poised for significant growth.
HBAR: ISO 20022 May Cause a Rise in Token Demand
For direct communication between banks and cryptocurrencies, bypassing numerous intermediaries, the cryptocurrency must adopt a common language, such as the new ISO 20022 standard. Hedera Hashgraph (HBAR) has received certification confirming its readiness for connection and has been approved by the relevant committee.
Among the essential technical features, HBAR offers a cost-effective on-chain traceability structure and a secure blockchain environment for transacting sensitive data. The involvement of major corporations like Google and IBM in its governance board further enhances HBAR's reputation for security and trustworthiness within the institutional market.
If HBAR is selected as an infrastructure component for ISO 20022 utilization, it could lead to a substantial increase in network transaction volume. Banks would likely need to acquire HBAR tokens to facilitate transactions, thereby driving up demand for the token for both transaction fees and staking purposes. This potential increase in demand is why HBAR is projected as one of the next cryptocurrencies to experience significant growth in 2026.
Conclusion
The upcoming ISO 20022 standard is expected to have a considerable impact on the financial landscape. Projects like XRP, ICP, and HBAR, which have already established the necessary infrastructure to connect with this new model, are well-positioned to benefit. However, their status as established projects may limit the scope of their potential gains.
Projects such as DeepSnitch AI could experience indirect benefits by providing technology capable of analyzing large volumes of on-chain data using artificial intelligence. As these projects are still in their presale phase, they offer investors the chance to invest at a low price point, potentially yielding substantial returns and a 100x profit. This makes DSNT a compelling choice for investors seeking the next cryptocurrency with explosive growth potential.
Frequently Asked Questions
- Why DeepSnitch AI could be the next crypto to explode?
DeepSnitch AI merges cryptocurrency with artificial intelligence, featuring AI agents designed to track on-chain activity. Its current popularity is driven by its booming presale and the anticipated surge in demand for advanced data analysis tools due to the new ISO 20022 standard, which will generate massive amounts of data.
- Why are banks interested in blockchain technologies now?
With the advent of ISO 20022 and the increasing demand for traceable, secure data, banks are recognizing blockchain as a reliable infrastructure for future financial operations.
- How does ISO 20022 influence the crypto market?
The new global payments standard heightens the requirement for structured financial data. Cryptocurrencies that are compatible with this standard or possess the capability to analyze its data may experience increased adoption and value appreciation.