High winds are believed to have toppled a series of telecommunication wires onto Ryan Road between 10 Mile and Frazho roads.
Tag: telecommunication
The post Hoskinson Affirms Cardano ISO 20022 Support as Deadline Nears appeared com. Charles Hoskinson reaffirmed Cardano’s (ADA) support for ISO 20022, aligning it with XRP, HBAR, and ALGO. The statement comes 13 days before SWIFT’s hard November 22 migration deadline for the new global banking standard. A June report showed less than half of central banks were fully compliant, creating an opportunity for ISO 20022-ready blockchains. Charles Hoskinson has positioned Cardano (ADA) alongside other ISO 20022-compliant blockchains, reaffirming the network’s support for the new standard. The move comes as the global banking industry enters the final 13-day countdown to SWIFT’s hard migration deadline. Related: 13 Days Left: Banks Face ISO 20022 Mandate as XRP, Stellar Tout Compliance Hoskinson described the standard as “necessary to open banking and combining the TradFi and DeFi worlds.” He added that ADA “is glad to be holding the line with XRP, HBAR, ALGO, and others.” ISO 20022 support is essential to open banking and combining the tradFi and DeFi worlds. Ada is Glad to be holding the line with XRP, HBAR, ALGO, and others pic. twitter. com/9uZX4xgeQ3 Charles Hoskinson (@IOHK_Charles) November 10, 2025 The November 22 date was set by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). It marks the final, non-negotiable end of the “co-existence period,” where old MT and new MX formats operated side-by-side. The Mandate: A Unified Standard for Global Finance ISO 20022 introduces a unified data format. This standard is designed to enhance cross-border wire transfers, securities settlements, and institutional payment messaging. It replaces older, text-based systems with structured, metadata-rich formats. This new structure enables faster, more transparent communication between banks, payment processors, and digital asset networks. The global rollout, however, has faced multiple setbacks. Implementation has been postponed three times in five years due to difficulties in modernizing legacy infrastructure. SWIFT previously delayed the migration from November 2021 to 2022 before finalizing.
The post Can Pi Network’s ISO 20022 Move Catch Up to XRP and Stellar? appeared com. What is ISO 20022, and why does it matter? ISO 20022 is a global standard that defines how financial institutions exchange information for transactions such as payments, securities and remittances. It replaces older, fragmented messaging systems with a unified, structured format that enables banks, fintech companies and payment networks across the world to communicate in the same digital language. Adopting ISO 20022 enhances cross-border compatibility by enabling secure and efficient sharing of richer, structured transaction data (such as payment purpose and sender and receiver information). This improves transparency, reduces the number of errors and accelerates the processing of international transfers. The global shift to ISO 20022 marks a major milestone in modernizing finance. Many central banks and payment systems, including the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and the US Federal Reserve’s Fedwire, which completed its migration in July 2025, are adopting the standard, targeting full implementation by Nov. 22, 2025. After that date, most international financial institutions connected to SWIFT’s cross-border network are expected to use ISO 20022 as the common foundation for seamless, data-rich global payments. What is Pi Network’s ISO 20022 strategy? Pi Network’s plan to adopt the ISO 20022 standard is divided into three key stages: preparation before November 2025, activation on Nov. 22, 2025, and post-launch adoption. The upgrade builds on Pi Network’s large user base, reflected in more than 50 million app downloads. Pi plans to introduce enhanced tools for cross-border payments, secure digital wallets and a decentralized exchange (DEX) to support real-world transactions. By adopting ISO 20022, Pi Network will gain easier integration with banking systems, enabling faster, cheaper and more transparent digital transfers. This move could help Pi evolve from a community-driven project into a recognized participant in global payments, bridging the gap between cryptocurrency and regulated finance. Did you know?.