U.S. Faster Payments Council Endorses Ripple and Stellar for Faster Cross-Border Transactions

A confidential report released by the U.S. Faster Payments Council (FPC) outlines recommendations to accelerate cross-border payments aligned with G20 goals. The FPC emphasizes the importance of adopting ISO 20022 messaging standard, enhancing interoperability between financial institutions and blockchain companies, and promoting transparency in pricing and settlement.